The IRS has released 2027 federal income tax brackets. Rates are unchanged, but income thresholds rise by an average of 3.2% on Jan. 1. The standard deduction will be $16,600 for single filers, $24,925 for heads of household and $33,200 for married couples filing jointly.
The IRS has released the federal income tax brackets for 2027, and the tax rates remain unchanged. The income thresholds for the seven brackets have increased as part of annual inflation adjustments. On Jan. 1, the thresholds will rise by an average of 3.2%, applying to income earned in 2027.
The 2027 standard deduction will be $16,600 for single filers. It will be $24,925 for heads of household and $33,200 for married couples filing jointly.
Federal income taxes are calculated using seven tax brackets with rates ranging from 10% to 37%. Congress sets those rates.
