14 Hrs
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Fox News
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Source: Fox News
14 HrsFox News
Source: Fox News
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The IRS released inflation-adjusted tax brackets and deductions for income earned in 2027, which taxpayers will report in 2028. The standard deduction will rise to $16,600 for single filers and $33,200 for married couples filing jointly, while tax rates will range from 10% to 37%. The maximum child tax credit will increase to $2,300.
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