IRS announces 2027 changes to child tax credit, estate tax exemption and more

Source NBC Local
Original Load Date Nov. 8, 2026, 6:01 p.m.
Last Updated Nov. 8, 2026, 6:01 p.m.
Original URL https://www.nbcchicago.com/news/local/irs-announces-2027-changes-to-child-tax-credit-estate-tax-exemption-and-more/4013906/

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Americans will see changes to several key tax benefits in 2027, including the child tax credit and earned income tax credit as well as estate and gift tax exemptions. The maximum child tax credit will rise to $2,300 in 2027, up $100 from 2026. The refundable portion of the credit will increase by $...