The IRS has set the 2027 federal income tax brackets, raising the income limits for every rate. The agency announced the inflation adjustments on Nov. 5 in IR-2026-133 , with the full details in Revenue Procedure 2026-35 .
The changes apply to tax year 2027, so they show up on the returns most people will file in 2028. The seven tax rates stay the same, from 10% to 37%. What changes is how much income fits into each one.
“American individuals and businesses will see increased tax benefits next tax year,” IRS Chief Executive Officer Frank J. Bisignano said in the release.
The 2027 Standard Deduction
The standard deduction rises to $33,200 for married couples filing jointly, up $1,000 from $32,200 in 2026, according to the IRS. Single filers and married people filing separately get $16,600, up $500 from $16,100.…