Ready for tax years 2026, 2025 & 2024 with latest IRS updates. It includes-
● New income tax rate tables
● Updated Standard Deductions
● Additional Seniors’ Deduction with limitations and phaseouts
● Updated State and Local Tax (SALT) itemized deduction with limitations and phaseouts. Details shown using IRS worksheet.
● Alternative Minimum Tax updated for inflation adjustments and Exemptions & Phaseout Thresholds
● Charitable contribution limitation for high earners at 37% bracket
● Additional deductions for Tips, Overtime and Car Loan Interest. Computations shown with supporting details