IRS adjusts tax brackets for 2027. Here's what taxpayers should know

Source NBC Local
Original Load Date Nov. 7, 2026, 12:01 p.m.
Last Updated Nov. 7, 2026, 12:01 p.m.
Original URL https://www.nbcchicago.com/news/local/irs-adjusts-tax-brackets-for-2027-heres-what-taxpayers-should-know/4013643/

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The Internal Revenue Service [ announced increases to federal income tax brackets for 2027, ][1] allowing Americans to earn more taxable income before moving into a higher bracket. While the tax rates remain the same, the income thresholds for each bracket have risen. Stream NBC 5 for free, 24/7, ...