Taxes
IRS Raises All 2027 Tax Brackets About 3.2% and Bumps Key Deductions
via IRS
The IRS adjusted nearly 70 tax provisions for 2027, raising every income tax bracket threshold by roughly 3.2 percent. The standard deduction increases to $33,200 for joint filers and $16,600 for singles, the child tax credit rises to $2,300, and the annual gift exclusion climbs to $20,000.
Why it matters
Updated brackets and a higher standard deduction mean many households keep slightly more of their income—a good time to revisit paycheck withholding and any year-end gifting before December 31.


