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IRS sets 2027 inflation adjustments for tax provisions

Published on November 6, 2026

The Internal Revenue Service announced tax year 2027 annual inflation adjustments for almost 70 tax provisions, including tax rate schedules and standard deduction amounts. The adjustments generally apply to tax returns filed in 2028. 1

For tax year 2027, the standard deduction rises to $16,600 for single taxpayers and married individuals filing separately, $24,925 for heads of households and $33,200 for married couples filing jointly. The maximum Child Tax Credit is $2,300, and the refundable amount is $1,800. The maximum Earned Income Tax Credit amount is $8,496 for qualifying taxpayers with three or more qualifying children. Personal exemptions remain at 0.

Revenue Procedure 2026-35 provides details about the adjustments. The agency said taxpayers continue to benefit from the Working Families Tax Cuts.

Sources & notes

Data and figures on this page come from the sources and notes below:

Footnotes

  1. IRS releases tax inflation adjustments for tax year 2027; taxpayers continue to benefit from … , irs.gov. ↩

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