IRS Sets 2027 Inflation Adjustments for Almost 70 Tax Provisions

The IRS on November 5, 2026 released inflation adjustments for almost 70 tax provisions covering tax year 2027, including rate schedules (the income bands each rate applies to) and standard deductions. The agency's notice, IR-2026-133, says taxpayers "continue to benefit from the Working Families Tax Cuts." The changes apply to 2027 returns filed in 2028; earlier-year liability is unchanged.