IRS Announces 2027 Annual Inflation Adjustments
- 1The IRS announced 2027 annual inflation adjustments for taxpayers, including increases to seven federal tax brackets, an increase in the maximum capital gains tax rate, and increases to the estate tax exemption and child tax credit.
- 2The top tax rate of 37% for single taxpayers with income exceeding $661,375 will be maintained for 2027.
- 3Other tax rates of 10%, 12%, 22%, 24%, 32%, and 35% will apply in 2027.
So what's the key point?
The IRS has announced the 2027 tax calculation methods to reflect changes in inflation. Single individuals earning more than $661,375 will be subject to the highest tax rate.
Source Yahoo Finance · View original ↗
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