IRS updates tax brackets, standard deduction for 2027 tax year
Summary
New IRS tax rules for 2027 include updated income brackets, standard deductions, a larger child tax credit and higher flexible spending limits.
Description from KIRO-TV.
Who is covering this
- IRS raises 2027 standard deduction and child tax credit in its annual inflation adjustments
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IRS updates tax brackets, standard deduction for 2027 tax year
New IRS tax rules for 2027 include updated income brackets, standard deductions, a larger child tax credit and higher flexible spending limits.
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