This can be especially true for people under age 59 12. Its worth your time to carefully consider whether those situations apply to you. A New Set of Guidelines, Cautions and CaveatsThe bottom line? The top tax rate is scheduled to be increased to 39.6% after 2025 when the current Tax Cuts and Jobs Act is set to expire even if Congress doesnt pass the Presidents proposal. Let me explain.
The bottom line for people under age 59 is set to be increased by 2% in 2026.
( z0 set :ARG1 ( z1 line :mod ( z2 bottom ) :topic ( z3 person :age ( z4 under :op ( z5 temporal-quantity :quant 59 :unit ( z6 year ) ) ) ) ) :ARG2 ( z7 increase :ARG1 z1 :ARG2 ( z8 percentage-entity :value 2 ) :time ( z9 date-entity :year 2026 ) ) )
(z0 / set-08
    :ARG1 (z1 / line
              :mod (z2 / bottom)
              :topic (z3 / person
                         :age (z4 / under
                                  :op1 (z5 / temporal-quantity
                                           :quant 59
                                           :unit (z6 / year)))))
    :ARG2 (z7 / increase-01
              :ARG1 z1
              :ARG2 (z8 / percentage-entity
                        :value 2)
              :time (z9 / date-entity
                        :year 2026)))
The bottom line for people under age 59 is set to be increased by 2 % in 2026 .
z1 :mod z2
z1 :topic z3
z3 :age z4
z4 :op1 z5
z5 :unit z6
z5 :quant 2
z0 :ARG1 z1
z0 :ARG2 z7
z7 :ARG1 z1
z8 :value 0
z7 :ARG2 z8
z7 :time z9
z9 :year 1