Income Tax Calculator: TaxModev2026.5

What changed

• ContentAdded support for tax years 2026, 2025, and 2024 with latest IRS updates
• ContentUpdated income tax rate tables and standard deductions
• New featureAdded Seniors’ Deduction with limitations and phaseouts
• ContentUpdated State and Local Tax (SALT) itemized deduction with IRS worksheet details
• ContentUpdated Alternative Minimum Tax for inflation adjustments and exemptions
• ComplianceImplemented charitable contribution limitations for high earners
• New featureAdded new deductions for Tips, Overtime, and Car Loan Interest with supporting details

Original release notes

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