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AP News Summary at 3:46 p.m. EST
By Marcus Hayes
IRS raises 2027 standard deduction and child tax credit in its annual inflation adjustments
Marcus Hayes
Marcus Hayes
Reporter · Killeen, TX
Marcus has been a reporter for 4 years and has a degree in Community Development from the University of Texas at Arlington. His work has appeared in various local publications including the Killeen Daily Herald, where he focused on grassroots initiatives and community events.
More from Marcus →Reporter · Tuesday, November 10, 2026 at 6:54 PM · 1 min read
The IRS has released its annual inflation adjustments for the 2027 tax year, raising the standard deduction and the child tax credit. These changes will apply to tax returns filed in 2028. The IRS announced the adjustments on November 5,…
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