The U.S. Bureau of Labor Statistics reported that the consumer price index (CPI) increased by 0.4% on a seasonally adjusted basis in August and over the last 12 months, the index increased just 2.9% before the seasonal adjustment. That means that inflation is holding steady—and you’ll see the result on your tax return in 2026.
Bloomberg Tax & Accounting released its 2026 Projected U.S. Tax Rates, which reflect slightly higher numbers as compared to 2025. Those bumps will push out deduction limitations and result in upward adjustments to tax brackets and increases to other key thresholds. Throw in changes as a result of the One Big Beautiful…
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