
The IRS has raised federal income tax bracket thresholds for 2027, allowing taxpayers to earn more before moving into a higher bracket.
The standard deduction will increase to $16,600 for single filers and $33,200 for married couples filing jointly.
The seven federal income tax rates remain unchanged, ranging from 10% to 37%, and the new amounts generally apply to returns filed in 2028.
The IRS has announced new federal income tax brackets for 2027, increasing the income thresholds at which higher tax rates take effect and raising the standard deduction.
The changes are part of annual inflation adjustments affecting nearly 70 tax provisions. They generally apply to income earned during 2027, reported on tax returns filed in 2028.
Author: Mark Huffman
Source: Consumer Affairs
Posted: 2026-11-09 13:19:32













