IRS Releases 2027 Tax Inflation Adjustments Covering Almost 70 Provisions

The IRS on November 5, 2026 released inflation adjustments for tax year 2027, covering almost 70 provisions, including tax rate schedules and standard deduction amounts. The agency's announcement, IR-2026-133, states that "taxpayers continue to benefit from the Working Families Tax Cuts." The changes apply to 2027 returns filed in 2028. Earlier-year liability is unchanged.