Tag: standard_deduction
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IRS Raises Standard Deduction to $33,200 for 2027 Under Inflation Adjustments
The adjustments, detailed in Revenue Procedure 2026-35, cover nearly 70 tax provisions and generally apply to returns filed in 2028.
Politics and GovernmentBusinessFederal GovernmentEconomyTaxationLegalSocial Issues Internal Revenue Servicetax inflation adjustmentsstandard deductionChild Tax CreditWorking Families Tax CutsFrank J. Bisignanoestate tax exclusionRevenue Procedure 2026-35