The IRS has released the 2027 standard deduction amounts you'll use for your 2027 tax return — and they're higher than ever.

The federal tax agency adjusts these amounts for each filing status every year. Since these adjustments are based on inflation, the standard deduction is higher for 2027 than in recent years.

Knowing the standard deduction for your status can help you determine whether you should plan to itemize or claim the standard deduction next year.

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