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IRS raises 2027 capital gains tax brackets

FinanceInternationalCNBCAI summary
Image: CNBC

The IRS announced higher long-term capital gains tax brackets for 2027, applying to assets held for more than one year. It also increased figures for dozens of other provisions, including federal income tax brackets, the estate and gift tax exemption and eligibility for the earned income tax credit. The applicable rate — 0%, 15% or 20% — depends on the bracket based on taxable income. For 2027, the standard deduction will rise to $16,600 for single filers and $33,200 for married couples filing jointly.

In 40 seconds

  • The IRS raised the taxable income limits for 2027 long-term capital gains brackets.
  • The applicable rate is 0%, 15% or 20% depending on the taxpayer's taxable income bracket.
  • The standard deduction rises to $16,600 for single filers and $33,200 for married couples filing jointly.
Read the full story at CNBC

IASummary generated by artificial intelligence from a story by CNBC. It may contain errors: the original source prevails.

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