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IRS updates 2027 tax brackets and deductions for 2028 returns

Nov 7, 2026 12:59 (2d ago)

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IRS announced updated tax brackets and deduction thresholds for the 2027 tax year.
Standard deductions increase to $16,600 for singles and $33,200 for married couples.
The changes affect returns filed in 2028 and include an increased child tax credit.