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Canopy’s most dowloaded guide
Canopy's updated guide breaks down every change, update, and addition you will need to know for the 2026 tax season, including:
- Updated 2025 tax brackets and inflation-adjusted rates across every filing status, plus new thresholds for trusts and estates.
- Permanent changes to the standard deduction, including OBBBA increases for 2025.
- New Schedule 1-A deductions like no-tax-on-tips, overtime deductions, and the new car loan interest deduction, all effective through 2028.
- Expanded Child Tax Credit rules, phaseouts, and refundability updates made permanent by the OBBBA, plus what’s new for other dependent credits.
- Key IRS updates impacting firm operations, including interest rate changes, EITC inflation adjustments, updated AMT thresholds, and new SALT deduction caps.
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