This study reviews existing taxonomies and proposes a new educational taxonomy that fulfills the educational needs of the current era, the information and Artificial Intelligence (AI) era. The review of previous educational taxonomies revealed that although they provide insights into establishing educational objectives and learning outcomes, they still need to address recent changes and challenges in learning processes. To (1) integrate the new realities into the landscape of learning (i.e., Education for sustainable development (ESD), soft skills development, and AI), (2) maintain the classroom as the formal venue for learning, and (3) strengthen the position and role of instructors as facilitators, a new six-category two-fold hierarchy-based taxonomy is proposed (AlAfnan Taxonomy): (1) Knowledge and Comprehension, (2) Synthesis and Evaluation, (3) Ethical and Moral Reasoning, (4) Application and Strategic Thinking, (5) Creativity and Innovation, and (6) Lifelong Learning and Adaptability. The taxonomy begins with foundational levels of ‘Knowledge and Comprehension’ stressing the importance of understanding fundamental realities and concepts within specific fields. Then, it addresses the importance of ‘Synthesis and Evaluation’ as essential and crucial skills for navigating an information-rich world. ‘Ethical and Moral Reasoning’ highlights the significance of ethical decision-making, moral frameworks, and culture-based diversity. Further, the taxonomy introduces ‘Application and Strategic Thinking’, emphasizing the practical use of knowledge in real-world scenarios and the ability to devise long-term plans. ‘Creativity and Innovation’ are essential drivers of progress in an era characterized by rapid technological advancements encouraging learners to explore novel solutions and approaches. Lastly, ‘Lifelong Learning and Adaptability’ underscores the necessity of continuous learning and flexibility in response to evolving circumstances, ensuring students and graduates remain competitive and relevant throughout their lives. By nurturing a multifaceted skill set encompassing critical thinking, ethical awareness, practical application, creativity, and adaptability, this taxonomy aims to equip learners with the necessary tools to excel in a dynamic and complex world, making it indispensable for modern education.