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IRS Unveils 2026 Tax Brackets, Boosts Deductions for 2027

1/5/2026

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Summary

Story summary

The Internal Revenue Service (IRS) announced 2026 federal income tax brackets and standard deductions, affecting 2027 filings.
The standard deduction increases to $16,100 for single filers, $32,200 for married couples filing jointly, and $24,150 for heads of households.
Tax rates remain 10% to 37% with higher thresholds.
The earned income tax credit and other breaks may reduce the middle-income tax burden by about $1,800.

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Story summary

The Internal Revenue Service (IRS) announced 2026 federal income tax brackets and standard deductions, affecting 2027 filings.
The standard deduction increases to $16,100 for single filers, $32,200 for married couples filing jointly, and $24,150 for heads of households.
Tax rates remain 10% to 37% with higher thresholds.
The earned income tax credit and other breaks may reduce the middle-income tax burden by about $1,800.