IRS raises 2027 standard deduction $1,000 for couples and Child Tax Credit to $2,300

The Internal Revenue Service (IRS) announced on Thursday new tax brackets, deductions and credits for the 2027 tax year. The changes touch nearly 70 provisions of the federal tax code ¹. They apply to income earned in 2027, with taxes payable in 2028 ¹.

The biggest changes are a $1,000 increase in the standard deduction for couples and a $100 boost to the Child Tax Credit. Income thresholds also rise across all seven tax brackets ¹. The standard deduction is the amount of income you can shield from federal tax without itemizing ¹.

What changes

The seven tax rates themselves stay the same. But taxpayers can earn more before moving into a higher bracket ¹. Brackets apply to taxable income after deductions, not total earnings, and each rate hits only the slice of income inside that bracket ¹.

For couples filing jointly, the 2026 standard deduction is $32,200 ³. A $1,000 increase ¹ would put the 2027 figure at $33,200. That is the same number Bloomberg Tax projected in September, according to CBS News ². The Newsweek report does not list the single-filer or head-of-household amounts ¹.

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The maximum Child Tax Credit rises to $2,300 per qualifying child, up from $2,200 in 2026. The refundable portion rises from $1,700 to $1,800 ¹. The Earned Income Tax Credit for workers with three or more eligible children reaches $8,496, up from $8,231 ¹. The Adoption Tax Credit rises from $17,670 to $18,250 ¹.

Some items are not changing. Personal exemptions stay at zero. The income phase-out ranges for the Lifetime Learning Credit, which helps pay for college and graduate courses, stay at $80,000 to $90,000 for individuals and $160,000 to $180,000 for joint filers ¹.

What the IRS said

IRS chief executive officer Frank J. Bisignano credited the 2025 tax law, which Newsweek calls the One Big Beautiful Bill. The administration brands its tax provisions the Working Families Tax Cuts ¹.

Hardworking American taxpayers will continue to benefit from the Working Families Tax Cuts (WFTC) and will see WFTC credits and deductions increase with this adjustment

The adjustments follow the new tax laws mandated by that July 2025 law ¹. The IRS makes such changes every year to keep inflation and rising wages from pushing people into higher tax brackets. Analysts call that problem "bracket creep" ¹.

What happens next

Actual tax bills will depend on income and the number of qualifying children ¹. Newsweek points readers to the IRS website for a full list of the changes ¹.

That matters because the adjustments set the rules for next year's budgets. In September, CBS News noted that the IRS had not yet announced the new brackets. It usually does so in October or November ². Households can now plan around official numbers instead of projections. The coverage reviewed here does not detail any change to deductions specific to older taxpayers, so retirees should check the IRS tables for their own filing status ¹.

The Record

1. Oct 9, 2025The IRS released its tax year 2026 inflation adjustments, including a $32,200 standard deduction for married couples filing jointly ³.
2. Sep 11, 2026CBS News reported the IRS had not yet announced 2027 brackets, citing Bloomberg Tax projections of a $33,200 joint standard deduction ².
3. Nov 5, 2026The IRS announced 2027 adjustments affecting nearly 70 tax code provisions, including a $2,300 Child Tax Credit ¹.

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<h2>IRS raises 2027 standard deduction $1,000 for couples and Child Tax Credit to $2,300</h2> <p><em>By The GOP Files Kitchen-Table Desk. This article first appeared on <a href="https://thegopfiles.com/story/irs-raises-2027-standard-deduction-1-000-for-couples-and-child-tax-credit-to-2-300">The GOP Files</a> on Friday, November 6, 2026.</em></p> <p>The Internal Revenue Service (IRS) announced on Thursday new tax brackets, deductions and credits for the 2027 tax year. The changes touch nearly 70 provisions of the federal tax code . They apply to income earned in 2027, with taxes payable in 2028 .</p> <p>The biggest changes are a $1,000 increase in the standard deduction for couples and a $100 boost to the Child Tax Credit. Income thresholds also rise across all seven tax brackets . The standard deduction is the amount of income you can shield from federal tax without itemizing .</p> <h2>What changes</h2> <p>The seven tax rates themselves stay the same. But taxpayers can earn more before moving into a higher bracket . Brackets apply to taxable income after deductions, not total earnings, and each rate hits only the slice of income inside that bracket .</p> <p>For couples filing jointly, the 2026 standard deduction is $32,200 . A $1,000 increase would put the 2027 figure at $33,200. That is the same number Bloomberg Tax projected in September, according to CBS News . The Newsweek report does not list the single-filer or head-of-household amounts .</p> <p>The maximum Child Tax Credit rises to $2,300 per qualifying child, up from $2,200 in 2026. The refundable portion rises from $1,700 to $1,800 . The Earned Income Tax Credit for workers with three or more eligible children reaches $8,496, up from $8,231 . The Adoption Tax Credit rises from $17,670 to $18,250 .</p> <p>Some items are not changing. Personal exemptions stay at zero. The income phase-out ranges for the Lifetime Learning Credit, which helps pay for college and graduate courses, stay at $80,000 to $90,000 for individuals and $160,000 to $180,000 for joint filers .</p> <h2>What the IRS said</h2> <p>IRS chief executive officer Frank J. Bisignano credited the 2025 tax law, which Newsweek calls the One Big Beautiful Bill. The administration brands its tax provisions the Working Families Tax Cuts .</p> <blockquote><p>Hardworking American taxpayers will continue to benefit from the Working Families Tax Cuts (WFTC) and will see WFTC credits and deductions increase with this adjustment</p><p>&mdash; Frank J. Bisignano, chief executive officer, Internal Revenue Service</p></blockquote> <p>The adjustments follow the new tax laws mandated by that July 2025 law . The IRS makes such changes every year to keep inflation and rising wages from pushing people into higher tax brackets. Analysts call that problem &quot;bracket creep&quot; .</p> <h2>What happens next</h2> <p>Actual tax bills will depend on income and the number of qualifying children . Newsweek points readers to the IRS website for a full list of the changes .</p> <p>That matters because the adjustments set the rules for next year&#39;s budgets. In September, CBS News noted that the IRS had not yet announced the new brackets. It usually does so in October or November . Households can now plan around official numbers instead of projections. The coverage reviewed here does not detail any change to deductions specific to older taxpayers, so retirees should check the IRS tables for their own filing status .</p> <p><em>Read the original, with every source linked, at <a href="https://thegopfiles.com/story/irs-raises-2027-standard-deduction-1-000-for-couples-and-child-tax-credit-to-2-300">thegopfiles.com</a>. Republished under The GOP Files' <a href="https://thegopfiles.com/republish">free republishing terms</a>.</em></p> <img src="https://thegopfiles.com/api/rp/irs-raises-2027-standard-deduction-1-000-for-couples-and-child-tax-credit-to-2-300.gif" alt="" width="1" height="1" style="border:0;width:1px;height:1px">

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Sources

1. Newsweek, “IRS Unveils 2027 Tax Changes: New Brackets, Deductions and Credits” (2026-11-06). newsweek.com/irs-unveils-2027-tax-changes-new-brackets-deduc
2. CBS News, “2027 tax brackets and IRS inflation adjustments (projections)” (2026-09-11). cbsnews.com/news/2027-tax-brackets-irs-inflation-adjustments
3. IRS Newswire, “IRS releases tax inflation adjustments for tax year 2026, including amendments from the One, Big, Beautiful Bill” (2025-10-09). content.govdelivery.com/accounts/USIRS/bulletins/3f65fe1

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