IRS announces new federal income tax brackets and standard deductions for 2027
The IRS announced the new federal income tax brackets and standard deductions for 2027, which apply to returns filed in 2028. The top 37% rate applies to individuals with taxable income above $661,375 and to married couples filing jointly earning $793,650 or more. The standard deduction rises to $33,200 for married couples filing jointly and to $16,600 for single filers. The agency also adjusted long-term capital gains brackets, the estate and gift tax exemption and eligibility for the earned income tax credit.
In 40 seconds
- The top 37% rate applies from $661,375 for single filers and $793,650 for married couples filing jointly.
- The standard deduction rises to $33,200 for married couples filing jointly and $16,600 for single filers in 2027.
- The IRS also adjusted long-term capital gains brackets, the estate and gift tax exemption and the earned income tax credit.
IASummary generated by artificial intelligence from a story by CNBC. It may contain errors: the original source prevails.





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