IRS to Increase Tax Breaks for Investment Gains, Gifts and Estates in 2026

The IRS has announced some key changes to its income tax thresholds for 2026. The agency is making the changes to account for inflation. The moves will mostly impact wealthy taxpayers, although some folks in the middle class also likely will benefit. Following are definitions of three key types of taxes and explanations of whether — and how — they are changing for the 2026 tax year…