Taxes
IRS Releases 2027 Tax Brackets and Higher Standard Deductions for All Filers
via Axios
The IRS announced its inflation-adjusted tax figures for 2027, lifting the standard deduction to $16,600 for single filers and $33,200 for married couples filing jointly. The annual gift tax exclusion rises to $20,000, and the maximum child tax credit reaches $2,300.
Why it matters
Higher standard deductions mean more of your 2027 income is sheltered from federal tax, making now a good time to revisit paycheck withholding or fourth-quarter estimated tax payments.


