TAX BRACKETS 2027
IRS releases 2027 tax brackets: How new income tax rates and standard deductions for single, married and senior filers could affect your tax bill
Tax brackets 2027: The IRS has raised all seven federal income tax bracket thresholds for 2027 and increased the standard deduction for single, married and head-of-household filers. The changes also include higher capital gains limits, a larger Child Tax Credit and additional tax breaks for eligible seniors.
Why a raise may not push you into a higher bracket in 2026: The IRS inflation adjustment trick that many taxpayers still overlook today
When you get a raise, it is easy to worry that a bigger paycheck will push you into a higher tax bracket and leave you with less money. Fortunately, that usually does not happen. The Internal Revenue Service (IRS) updates tax brackets and deductions every year to account for inflation. These annual adjustments help protect your income from a problem known as "bracket creep."
Married couples, take note: The $32,200 standard deduction in 2026 could shrink your taxable income before you even start itemizing now
The Internal Revenue Service (IRS) announced tax adjustments for 2026, incorporating annual inflation updates alongside changes made under the One Big Beautiful Bill Act. Married couples filing jointly will see their standard deduction rise to $32,200 in tax year 2026. Single taxpayers will see their standard deduction increase to $16,100.
Who pays 0% capital gains tax in 2026? Check the IRS income limits
Some investors may pay 0% federal capital gains tax in 2026 if their taxable income stays within IRS limits. Single filers can qualify with taxable income of up to $49,450, while married couples filing jointly have a $98,900 threshold. Here’s who qualifies and how long-term gains are taxed.
Before you itemize, check this: 2026’s $16,100 standard deduction could beat your write-offs
The IRS has raised the 2026 standard deduction to $16,100 for single taxpayers, with higher amounts for married couples and heads of household. Here’s a look at the new deduction, tax brackets and other changes taxpayers should know before filing.
Social Security COLA 2027: Latest forecast, likely increase, and why it may be a bad news for retirees?
Anticipation surrounds the October 2026 announcement by the Social Security Administration regarding the 2027 Cost-of-Living Adjustment (COLA). With estimates suggesting a rise of approximately 3.5% to 3.6% driven by inflation, retirees may find solace in the increase. However, rising Medicare costs could counteract these benefits, particularly for higher earners who might face extra surcharges, complicating their financial strategies.
- Go To Page 1
New tax regime: 7 ways for salaried employees to reduce their tax liability while filing ITR for FY 2025-26
Salaried individuals can still reduce their tax liability under the new tax regime for FY 2025-26. Key deductions include employer contributions to NPS and EPF, a standard deduction of Rs 75,000, and interest on home loans for let-out properties. Exempt perquisites and certain official allowances also offer tax benefits.
Have a US 401(k)? Indians must report withdrawals and maturity details in ITR schedules FSI and FA
Indian taxpayers with US 401(k) accounts must now report withdrawals and maturity details in ITR schedules FSI and FA. Failure to disclose can lead to tax issues. Filing Form 40 is crucial for deferring Indian tax until withdrawal, aligning with US taxation and potentially enabling Foreign Tax Credit benefits. New ITR forms require filing ITR-2 or ITR-3 for these disclosures.
Big win for workers! New income law could mean $3,139 extra — here’s who benefits most
South Carolina new income tax law brings lower tax rates from 2026. The plan reduces tax brackets and slowly cuts income tax toward zero. Many workers may save money, while benefits differ by income group. Some earners get bigger savings than others. The law may impact state revenue and public services in the long term.
Got salary arrears after resigning? Use Form 39 to avoid higher tax in 2026–27
Resigning from a job in FY 2025-26 and receiving salary arrears in FY 2026-27 can lead to a higher tax liability. To avoid this, taxpayers must now use the new Form 39 for Tax Year 2026-27, replacing the older Form 10E, to claim relief under Section 89(1) and ensure accurate tax calculation.
No income tax? This US state proposal ignites hype and serious budget fears
No income tax states US: South Carolina is set to gradually eliminate personal income tax. This move promises a simpler tax system but raises significant financial worries. While supporters hail the change, critics warn of potential risks to public services. The legislation aims for full elimination over time, with benefits expected to grow for higher earners.
From Form 15G ease to SGB tax hit: How Budget 2026 reshapes investor taxes
The Union Budget 2026 brings new tax rules for investors and businesses. Accident compensation interest is now tax-free. Retail investors will see simpler Form 15G/15H filings. Small businesses get an extended tax deadline. Dividend income deductions are withdrawn. Sovereign Gold Bond tax benefits are restricted. Share buybacks are now taxed as capital gains, benefiting individual investors.
8 states where Americans may pay less Income Tax this year
Eight states cut income tax rates on Jan. 1, 2026. Nebraska’s top rate drops to 4.55 %. Indiana falls to 2.95 %, Ohio simplifies to 2.75 %. North Carolina reaches 3.99 %, Kentucky 3.5 %, and Montana 5.65 %. Oklahoma and Mississippi also lower rates. Residents keep more earnings. States aim to boost growth, attract workers, and investments.
Cash bonanza? Millions of Americans could get $1,000 payments in 2026 under new tax credit plan
New York’s $1,000 Child Tax Credit: New York families can claim a $1,000 child tax credit in 2026 for kids under four. Single parents earning under $75,000 qualify. Joint filers up to $110,000 get reduced amounts. Older children receive $330 now, rising to $500 next year. This credit boosts household income amid rising costs. See how to claim and maximize benefits.
New IRS tax brackets for 2026 could mean lower bills — see who saves the most
The IRS has updated tax brackets for 2026 to match inflation. Many income limits are higher, which may lower tax bills for workers and families. These changes aim to stop bracket creep and keep people in lower tax rates. The new brackets apply to 2026 income and affect single, married, and head-of-household filers.
Student loan forgiveness in 2026: What taxes you may owe and why
In 2026, federal student loan forgiveness may be taxable. Borrowers who qualify this year could face higher tax bills because forgiven amounts count as income. 2025 borrowers remain tax-free at the federal level. States may also tax forgiveness. Borrowers should plan ahead, estimate taxes using their tax bracket, and watch for state updates to avoid surprises when filing.
New IRS rules for 2026: Three major updates every taxpayer must know
IRS tax changes for 2026 raise the standard deduction to $32,200 for joint filers, $16,100 for singles, and $24,150 for heads of household. Tax brackets shift higher to offset inflation. The Earned Income Tax Credit climbs to $8,231 and the adoption credit rises to $17,670. The estate tax exemption increases to $15 million. Retirement limits move up, with 401(k) contributions at $24,500 and IRAs at $7,500. FSA limits reach $3,400. The foreign earned income exclusion jumps to $132,900.
What is in France's draft 2026 budget?
French lawmakers are reviewing a 2026 budget aiming to tighten public finances by over 30 billion euros through spending cuts and new taxes. The plan includes a wealth tax on holding companies and an extended temporary tax on top incomes. Reforms to social benefits, pensions, and tax breaks are also featured.
IRS announces new federal income tax brackets for 2026: what’s changing, who benefits, and how the new rates could impact your 2026 tax bill
The IRS has announced the new federal income tax brackets for 2026. The update brings small but important changes. A 2% inflation adjustment will shift income thresholds slightly. The familiar seven-rate system stays. Millions of Americans will see modest relief as deductions and credits rise next year.
2026 IRS tax brackets and deductions released: Will US pay less now? Check how much you’ll owe
The IRS has unveiled new federal income tax brackets and standard deductions for 2026, adjusting income thresholds to combat inflation and 'bracket creep'. Married couples filing jointly will see a higher standard deduction of $32,200, while single filers get $16,100. These changes aim to offer some financial relief to Americans next year.
Big relief coming if Conservatives win Canada elections: Pierre Poilievre vows to slash income taxes, claiming his plan will put an extra $900 per year back into workers’ pockets
Conservative Leader Pierre Poilievre promises significant income tax cuts if elected, potentially saving the average Canadian worker $900 annually by reducing the lowest tax bracket from 15% to 12.75%. Critics worry about funding and possible program cuts. Poilievre claims the cuts will be financed by reducing federal bureaucracy, but specific details remain unclear.
Middle class in America? This is what a Trump presidency would mean for you
As the presidential election season heats up, one promise that remains a constant across party lines is the vow to lift the middle class. However, despite this rhetoric, the rich continue to get richer, while the middle class shrinks with each passing presidential cycle.
Rate rationalisation exercise: Luxe bags, cosmetic treatments may be moved to 28% GST Slab
The GST Council's GoM is considering moving 58 goods and 24 services, including luxury handbags, sunglasses, and cosmetic procedures, to a 28% GST slab from 18% or 12%. The initiative aims to redefine luxury items and is expected to significantly boost GST collections in phases.
Target maturity funds a better bet over tax-free bonds
While yields on tax-free bonds remain weighed down at 4.9-5%-levels, target maturity schemes are offering better returns of 6.8-6.9% on average. Investors must, however, shift money to target maturity funds for at least three years to get the benefit of indexation that will significantly improve their post-tax returns.
"Target Maturity Funds help investors lock in a particular yield," says Amit Somani of Tata MF
"Investors seeking to capture current yields in a tax efficient manner, with the comfort of predictability can Invest in Target Maturity Funds," says Amit Somani, Tata Mutual Fund
Target maturity funds a big draw as rates tighten
Total assets under management of target maturity funds (TMF) were at ₹1.15 lakh crore in August, or 8.8% of total debt AUM, show data compiled by Crisil. The AUM stood at ₹12,500 crore at the start of 2020 when the fund concept was formalised.
High tax payers can lock into tax-free bonds, earn more than bank FDs
One such option, to raise net earnings in a rising rate environment, is to go back in time and look at the staid world of tax-free bonds sold by the public sector. Unglamorous though they might seem at first glance, these instruments give rich savers higher returns than either fixed deposits or small-savings schemes ever will.
Budget day massacre leaves debt mutual fund investors with nowhere to hide
The investment horizon appears to be bleak for the moment. Investing in securities/debt mutual funds with medium/high duration may lead to steep losses as interest rates rise.
6 investment options for the retired
Here are few investment options for the retired to provide for their monthly household expenses. The idea is to build a retiree portfolio with a mix of these products.
Load More
