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Today’s Lead Story
Wednesday, November 11

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.

For educational purposes only. Not financial, investment, tax, or legal advice. Always do your own research or speak with a qualified professional.

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