{
  "id": 18480362,
  "title": "US raises 2027 tax brackets, standard deductions",
  "url": "https://urgent.news/2026/11/06/us-raises-2027-tax-brackets-standard-deductions-18480362",
  "topic": "world",
  "section": "World",
  "published": "2026-11-06T10:12:25.000Z",
  "source": {
    "name": "Punch",
    "slug": "punch",
    "url": "https://punchng.com/us-raises-2027-tax-brackets-standard-deductions/"
  },
  "original_language": "en",
  "account": null,
  "summary": "The IRS has announced increased federal income tax brackets and standard deductions for the 2027 tax year, in line with inflation. The top tax rate of 37% now applies to individuals earning over $661,375 and married couples filing jointly with taxable income exceeding $793,650. The income thresholds for the other six tax brackets have also been raised, ranging from 10% to 35%. The standard deduction for single filers has increased to $16,600, while married couples filing jointly can claim $33,200. These adjustments aim to help alleviate the burden of rising living costs, as indicated by the Consumer Price Index's 3.7% increase in September 2026.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}