The IRS has announced the federal income tax brackets for 2026, incorporating inflation adjustments that shift thresholds for all seven brackets while maintaining the current rate structure of 10%, 12 ...

The federal income tax formula calculates different rates for different portions of your taxable income. When incomes increase, tax rates rise, kicking in above certain levels—that’s the bracket. The ...

A new analysis into Chapter 62F outlines flaws in the formula used to calculate excess state revenues due back to taxpayers. With the distribution of nearly $3 billion in tax refunds to Bay Staters ...