Oct. 9 (UPI) -- The Internal Revenue Service on Thursday unveiled its 2026 federal income tax brackets and deductions for the new tax year. The IRS raised its income threshold for each tax bracket for the 2026 tax year in returns to be filed in 2027, according to U.S. revenue officials. "The tax year 2026 adjustments described generally apply to tax returns filed in 2027," the Internal Revenue Service stated in a release . Officials said higher federal tax brackets for 2026 were to adjust for