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What Is the Standard Deduction for 2026?
The 2026 standard deduction is $32,200 for married couples filing jointly, $16,100 for single filers, and $24,150 for heads of household. Plus, seniors get a new $6,000 bonus.
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The 2026 standard deduction is $32,200 for married couples filing jointly, $16,100 for single filers, and $24,150 for heads of household. Plus, seniors get a new $6,000 bonus.
Missing the tax deadline triggers penalties and interest, but the consequences depend on whether you owe money. Here's what the IRS actually does and how to fix it.