The IRS has announced the inflation adjustments for long-term capital gains tax brackets and standard deductions for tax year 2027. According to the announcement on Thursday, the IRS raised the taxable income thresholds for the long-term capital gains tax brackets applicable to assets held for more than one year, while increasing the standard deduction for single filers to $16,600 and for married couples filing jointly to $33,200 for 2027. Beginning in 2027, taxpayers with taxable income of $51,050 or less for single filers and $102,100 or less for married couples filing jointly will be eligible for a 0% long-term capital gains tax rate.