The IRS has announced new tax inflation adjustments for 2026. Those changes may affect just how much federal taxes families pay in taxes or receive in their refunds come tax time. Qualifying families may see higher amounts for the child tax credit and earned income tax credit in 2026. Moreover, the adoption credit and gift tax exclusion have also been adjusted for next year. In its Thursday announcements, the IRS also increased figures for dozens of other provisions, including federal income

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