latest news in Tax brackets

Higher Income Thresholds Define Updated Federal Tax Brackets for 2027

Higher Income Thresholds Define Updated Federal Tax Brackets for 2027

Washington, Thursday, 5 November 2026.
Driven by a 3.2% inflation adjustment, the IRS raised income thresholds across all tax brackets for 2027, lifting the married standard deduction to an unprecedented $33,200 to curb bracket creep.