11/09/2026
📣 TAX UPDATE FROM KAIROS MULTI TAX SERVICE, LLC
The IRS has announced the 2027 federal income tax brackets and standard deductions! Here’s what you need to know as you plan ahead. 💚
📅 These amounts apply to the 2027 tax year, with returns generally filed in 2028.
💵 2027 FEDERAL INCOME TAX BRACKETS
The following brackets apply to taxable income after deductions.
SINGLE FILERS
• 10%: Up to $12,800
• 12%: Over $12,800 - $52,025
• 22%: Over $52,025 - $109,125
• 24%: Over $109,125 - $208,325
• 32%: Over $208,325 - $264,550
• 35%: Over $264,550 - $661,375
• 37%: Over $661,375
MARRIED FILING JOINTLY
• 10%: Up to $25,600
• 12%: Over $25,600 - $104,050
• 22%: Over $104,050 - $218,250
• 24%: Over $218,250 - $416,650
• 32%: Over $416,650 - $529,100
• 35%: Over $529,100 - $793,650
• 37%: Over $793,650
📝 2027 BASIC STANDARD DEDUCTIONS
• Single: $16,600
• Married Filing Separately: $16,600
• Married Filing Jointly: $33,200
• Head of Household: $24,925
The standard deduction reduces the income used to calculate your federal income tax.
👨👩👧 2027 CHILD TAX CREDIT
• Up to $2,300 per qualifying child
• Up to $1,800 of that credit may be refundable
Eligibility, income limits, and earned income requirements apply. The refundable portion is included in the credit, it is not an additional $1,800.
🎁 GIFT AND ESTATE TAX UPDATES
• Annual gift tax exclusion: $20,000 per donor, per recipient
• Federal estate tax basic exclusion: $15,480,000 per individual
💡 UNDERSTANDING YOUR TAX BRACKET
The tax rates remain the same, while the income thresholds increase for inflation.
Being in the 22% bracket does not mean every dollar you earn is taxed at 22%. Different portions of your taxable income are taxed at different rates.
Your bracket also doesn’t tell the whole story; deductions, credits, filing status, and your individual circumstances affect your final tax bill.
💚 At Kairos Multi Tax Service, LLC, we’re here to help you understand these changes and prepare with confidence.
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Source: IRS 2027 Tax Inflation Adjustments