IRS Adjusts Almost 70 Tax Rules for 2027 to Offset Inflation

The IRS on November 5, 2026 adjusted almost 70 tax rules for 2027 to offset inflation, meaning rising prices. These include tax brackets (income ranges) and the standard deduction (income shielded from tax). The agency says taxpayers "continue to benefit from the Working Families Tax Cuts." Changes apply to 2027 returns filed in 2028; earlier years' taxes owed stay unchanged.