https://www.live-feeds.com/feed/u-s-taxpayers-can-shield-an-extra-500-from-taxation-next-yearContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/u-s-taxpayers-can-shield-an-extra-500-from-taxation-next-yearhttps://www.live-feeds.com/feed/u-s-taxpayers-can-shield-an-extra-500-from-taxation-next-year#u186722Mon, 09 Nov 2026 00:37:52 +0000The IRS has announced new federal income tax brackets and standard deductions for 2027, allowing U.S. taxpayers to shield an extra $500 from taxation. This change is part of the annual inflation adjustments, which affect almost 70 tax provisions. The standard deduction increase is expected to benefit taxpayers, particularly single filers.Why it mattersThe IRS makes annual adjustments to tax provisions to account for inflation. These changes can result in lower tax bills for taxpayers. The 2027 tax brackets and standard deductions are now available, giving taxpayers an idea of what to expect fo