2026 Expense Reimbursements income tax 
CPA Practice
MARCH 18, 2024
Marginal tax rates: The TCJA modified the seven marginal tax rates in the graduate income tax rate structure. Notably, it reduced the top income tax rate from 39.6% The income ranges for each rate are adjusted annually for inflation. In 2026, the standard deduction will return to pre-TCJA levels.
ThomsonReuters
MARCH 5, 2024
According to the IRS, this includes changes in deductions, expensing, tax credits, and other items that affect businesses and individuals. For federal income tax withholding, the TCJA adjusted the tax brackets, the supplemental and backup withholding rates, and the use of allowances on an employee withholding certificate.
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