From Kiplinger · · 1m
2027 Standard Deduction Details
The IRS sets 2027 standard deduction amounts higher than previous years for all filing statuses.
In brief
The IRS sets 2027 standard deduction amounts higher than previous years for all filing statuses. Taxpayers using 2027 tax returns can claim standard deductions up to $48,600 for married couples over 65. Originally reported by Kiplinger.
2027 Standard Deduction Amounts
The IRS released 2027 standard deduction amounts for tax returns filed in 2028.
Married Filing Jointly
Married couples filing jointly can claim $33,200 for 2027 tax returns, a $1,000 increase from 2026.
Single Filing Separately
Single taxpayers filing separately can claim $16,600 for 2027 tax returns, a $500 increase from 2026.
Heads of Household
Heads of household can claim $24,925 for 2027 tax returns, a $775 increase from 2026.
Senior Bonus Deduction
Taxpayers age 65 or older can claim an additional $1,700 standard deduction for 2027 tax returns.
Highest Possible Deduction
The highest possible 2027 standard deduction is $48,600 for married couples over 65 who qualify for all deductions.
The big picture
Taxpayers using 2027 tax returns can claim standard deductions up to $48,600 for married couples over 65.
