For those that are planning for the 2026 tax year, this article The 2026 Tax Brackets Are Official—Here's Exactly How Much More You'll Pay (Or Save) will provide some key information on the 2026 tax brackets and related info.
Of note, if one is single and expects less than $16,100 in wages with no other income, one will have a federal tax liability of $0. If that is the case, one can file a W-4 to be exempt from federal tax withholding. Then if one ends the year with under $16,100 income, no tax federal tax return is needed since tax liability is $0 and no federal tax withholding was done.
The only caution is if one is a dependent, which most college students are. In that case, one should keep unearned income, such as interest and dividends, below $450 or federal taxes will be owed even if total income income is below the standard deduction of $16,100.
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This is not financial nor tax advice. Please consult a professional advisor.
Copyright © 2025 Achievement Catalyst, LLC
This is not financial nor tax advice. Please consult a professional advisor.
Copyright © 2025 Achievement Catalyst, LLC

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