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2026 vs. 2025 Federal Income Tax Brackets: A Side by Side Comparison
The IRS released the 2026 Tax Rate Brackets recently, along with the 2026 Standard Deduction amount and a bunch of other details that your tax man might find interesting. I couldn’t find a side-by-side comparison with 2025, so I decided to create one for myself that will hopefully help you out. The tax rates themselves are unchanged. They remain at 10, 12, 22, 24, 32, 35, and 37 percent. The income you can earn in each bracket has been raised by a fairly significant amount, on average, about 4%. This amount is higher than the inflation rate for the previous 12 months, which was 2.4% in 2024 and, for the 12 months ending in August 2025, is 2.9%, according to the U.S. Inflation Calculator. Previous Years Comparisons If you would like to view comparisons from previous years, they can be found here. Why do tax rates matter? If you are ...
2025 & 2024 Federal Income Tax Brackets: A Side by Side Comparison
The IRS released the 2025 Tax Rate Brackets recently, along with the 2025 Standard Deduction amount and a bunch of other details that your tax man might find interesting. I couldn’t find a side-by-side comparison with 2024, so I decided to create one that I could look at, and that will hopefully help you out. The tax rates themselves are unchanged. They remain at 10, 12, 22, 24, 32, 35, and 37 percent. The income you can earn per each bracket has been raised a fairly significant amount, on average a little more than 5.0%. This amount is about on par with inflation, which was 3.2% in 2023 and, so far in 2024, is 2.4%, according to the U.S. Inflation Calculator. Why do tax rates matter? If you are reading this, you probably already know why they matter, but I just thought I’d make sure. These tax rates impact how ...
Should I Invest in a 529 College Savings Plan?
Have you ever wondered, “Should I invest in a 529 College Savings Plan?” Join me as I take a look at the Pros and Cons of putting your money in a 529 Plan.
Car Depreciation: One Reason you Should Buy a Used Car
Are you a car owner? Like it or not, your car is losing value. Car depreciation affects every car owner. Keep reading to learn how to best mitigate it.
Net Worth | September 2023
Welcome to the September 2023 edition of our net worth tracker, where we’ll track our net worth month over month. I first started tracking our net worth at the time this blog was started, which was at the beginning of September 2019. I started by creating the Net Worth Baseline report. You can view Previous Net Worth reports HERE. September is over, and thankfully the weather wasn't over 100 every day. It was only in the 90s, with a few days over 100. Financially, September was a bad month due to the markets. September lived up to expectations, you could say. On top of that, we spend a lot. Monthly Roundup Previously, I would go through my month and go over the highlights. These days I’m doing it a little differently. Unless you convince me that you want to hear about my month, I'm not going to talk about it ...