IRS Releases Tax Year 2027 Inflation Adjustments (Rev. Proc. 2026-35): Standard Deduction, Brackets, CTC, Estate & Gift — Returns Filed in 2028
On November 5, 2026, the IRS issued IR-2026-133 and Revenue Procedure 2026-35 with almost 70 inflation-adjusted amounts for tax year 2027, including a $33,200 joint standard deduction, updated brackets (top rate still 37%), a $2,300 Child Tax Credit, and a $15.48 million estate exclusion. We summarize the key figures, WFTC context, and what multi-state and cross-border filers should update for returns filed in 2028.
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