Taxes
IRS Adjusts 2027 Tax Brackets Upward — What Changes for Your Filing
via IRS
The IRS has updated nearly 70 tax provisions for 2027 to reflect inflation. The standard deduction climbs to $16,600 for single filers and $24,925 for heads of household, and the annual gift tax exclusion rises to $20,000.
Why it matters
Higher deduction amounts and income thresholds mean more of your 2027 earnings could fall in a lower bracket, reducing what you owe when you file in 2028.


