Wiley Harrison

For 2026, the Social Security maximum taxable earnings limit has increased to $184,500. This is up from $176,100 in 2025, meaning high earning employees will pay Social Security tax on an additional $8,400 of income.

For many taxpayers, 2026 may bring good news: If your total taxable income falls within the following ranges, you’ll owe no federal capital gains tax: • Individuals: $49,450 or less • Married couples filing jointly: $98,900 or less

The IRS has updated the standard mileage rates for 2026, reflecting changes in costs and usage trends. These rates are used to calculate deductible expenses for business, medical, moving, and charitable purposes.