IRS announces new federal income tax brackets for 2027
CNBC · Kate Dore, CFP®, EA ·
The IRS has announced higher federal income tax brackets and standard deductions for 2027. Here's what taxpayers need to know.
The IRS has announced new federal income tax brackets and standard deductions for 2027.
In its announcement Thursday, the agency raised the income thresholds for each bracket, which apply to tax year 2027 for returns filed in 2028.
The IRS also increased figures for other key provisions, including long-term capital gains brackets, the estate and gift tax exemption, and eligibility for the earned income tax credit, among others.