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Mortgage & HousingHome Purchase Activity Drops to Lowest Level in Nearly 30 YearsRetirementVanguard: Cashing Out a 401(k) at Job Changes Is the Costliest Retirement MistakeTaxesIRS Releases 2027 Tax Brackets and Higher Standard Deductions for All FilersInflationFed Issues New Inflation Warning That Could Add Thousands to Family BudgetsEconomyFed Holds Benchmark Rate at 3.75–4%, Setting Up a Likely December IncreaseMortgage & HousingHome Purchase Activity Drops to Lowest Level in Nearly 30 YearsRetirementVanguard: Cashing Out a 401(k) at Job Changes Is the Costliest Retirement MistakeTaxesIRS Releases 2027 Tax Brackets and Higher Standard Deductions for All FilersInflationFed Issues New Inflation Warning That Could Add Thousands to Family BudgetsEconomyFed Holds Benchmark Rate at 3.75–4%, Setting Up a Likely December Increase
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Today’s Lead Story
Friday, November 6

Taxes

IRS Releases 2027 Tax Brackets and Higher Standard Deductions for All Filers

via Axios

The IRS announced its inflation-adjusted tax figures for 2027, lifting the standard deduction to $16,600 for single filers and $33,200 for married couples filing jointly. The annual gift tax exclusion rises to $20,000, and the maximum child tax credit reaches $2,300.

Why it matters

Higher standard deductions mean more of your 2027 income is sheltered from federal tax, making now a good time to revisit paycheck withholding or fourth-quarter estimated tax payments.

See all today’s storiesRead source

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