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The US IRS has announced the federal income tax brackets and standard deduction for fiscal year 2027, with the top tax rate remaining unchanged at 37%.
The U.S. Internal Revenue Service (IRS) has released the federal income tax brackets and standard deductions applicable for the 2027 tax year (to be filed in 2028). The top tax rate of 37% will apply to individuals with taxable income exceeding $661,375, and to married couples filing jointly with an income of $793,650 and above. Meanwhile, the standard deduction for 2027 will be increased to $33,200 for married couples filing jointly and $16,600 for single filers.
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