IRS announces 2027 tax brackets: standard deduction of $16,600 for individuals

FinanceInternationalThe Washington PostNov 5, 2026, 4:11 PMAI summary

The IRS announced on Thursday the new tax brackets for income earned in 2027. The standard deduction will be $16,600 for individuals, $33,200 for married couples and $24,925 for single filers with children filing as head of household. For singles and couples, this means an extra $500 per person shielded from taxation compared with the 2026 rates. The brackets will be adjusted for inflation, as will other thresholds such as estate and gift taxes, and the child tax credit will rise $100 to a maximum of $2,300 per child.

In 35 seconds

2027 standard deduction: $16,600 for individuals and $33,200 for married couples
Singles and couples can shield an extra $500 per person compared with 2026 rates
The child tax credit rises $100 to $2,300 per child

Read the full story at The Washington Post

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

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IRS announces 2027 tax brackets: standard deduction of $16,600 for individuals

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Keep reading

Cartagena's own revenue loses ground to inflation while spending and debt rise

Event in Colombia proposes closing the gender gap to boost business competitiveness

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