
U.S. Taxpayers Can Save an Extra $500 on Tax Next Year
The IRS announced new tax brackets Thursday for income earned in 2027, including a standard deduction of $16,600 for individuals, $33,200 for married couples and $24,925 for single people with children who declare themselves heads of household.
For singles and couples, the new standard deduction means an additional $500 per person tax-free, compared to the 2026 rates that will apply to this year’s income and be used during the next filing season.
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