2 publishers · first seen Fri, 06 Nov 2026 14:12 UTC · updated Sat, 07 Nov 2026 13:00 UTC
The Internal Revenue Service (IRS) has announced adjustments to the 2027 tax brackets and standard deductions to account for inflation. The tax brackets, which determine the tax rate applied to different income levels, have been increased, but the tax rates themselves remain unchanged. For instance, the highest tax bracket of 37% applies to incomes over $661,375 for single filers and $793,650 for married couples filing jointly. The standard deduction, which reduces taxable income, has also been increased. For married couples filing jointly, it will be $33,200, up from $32,200 in 2026. These adjustments are intended to prevent inflation-driven salary increases from automatically resulting in higher tax rates, potentially allowing taxpayers to retain more of their earnings. The changes will apply to income earned in 2027 and will generally be used when filing tax returns in 2028.
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