2027 Tax Brackets and Standard Deduction MCP

Federal income tax for tax year 2027 (or 2026) on an income, using the IRS rate schedule: subtracts the standard or itemized deduction (with the age and blindness extra), applies the brackets, returns the bracket-by-bracket breakdown, marginal and average rate, optional long-term capital gains taxed at 0, 15 or 20 percent, and the tax on the same facts under the other year. Federal income tax only; no credits, self-employment tax, NIIT, AMT or state tax.

The standard deduction for tax year 2027 (or 2026) for a filing status from IRS Rev. Proc. 2026-35, with the additional amount for each filer who is 65 or older or blind, the dependent rule (greater of a floor or earned income plus a fixed amount), and the change from the other year.

Other 2027 inflation-adjusted tax amounts beside 2026 from IRS Rev. Proc. 2026-35: long-term capital gains 0 and 15 percent thresholds, child tax credit, adoption credit, earned income credit table, alternative minimum tax exemptions, estate and gift tax exclusions, section 179, qualified business income thresholds, health FSA, kiddie tax and the foreign earned income exclusion.

The federal income tax rate schedule for tax year 2027 (or 2026) from IRS Rev. Proc. 2026-35: the seven brackets (10, 12, 22, 24, 32, 35, 37 percent) for single, married filing jointly, married filing separately and head of household, or estates and trusts, with the tax at the bottom of each bracket and the change in each threshold from the other year. A model cannot know the 2027 numbers from training. Thresholds apply to taxable income after the deduction.