IRS reveals new tax brackets and standard deductions for 2027
The Internal Revenue Service has released new tax brackets for 2027. The agency raised the income thresholds for each tax bracket to account for inflation, which means more of your income may fall into lower tax brackets. The standard deduction—the amount you can earn tax-free, has also been increased. These changes take effect for the 2027 tax year.
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4 sourcesIRS Lifts 2027 Tax Brackets and Standard Deduction for Inflation
IRS releases new tax brackets, raises standard deductions — see what your 2027 tax rate will be
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