IRS Raises 2027 Tax Brackets and Standard Deductions
The IRS announced higher federal income tax brackets and standard deductions for 2027 to adjust for inflation. Single filers and married couples will see increased income thresholds across all tax rates. The lifetime gift and estate tax exemption also rises next year.
The United States adjusted all seven federal income tax brackets higher for 2027 to account for inflation while maintaining current tax rates, according to the IRS.
