IRS releases 2027 tax brackets: How new income tax rates and standard deductions for single, married and s

The Economic Times · Shreya Biswas · 2026-11-06 14:40 UTC

Tax brackets 2027: Discover the major changes in federal tax brackets for 2027 including increased income thresholds, enhanced standard deductions, and greater child tax credits that will affect all taxpayers. Learn how these adjustments can help you save on your tax return in 2028.

Listen to this article in summarized format

What are the new federal income tax brackets for 2027

The seven federal income tax rates will remain unchanged in 2027, ranging from 10% to 37%. However taxpayers will be able to earn more taxable income before reaching the next rate.

Read the full story at The Economic Times · All coverage of this story