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International Business Times UK
International Business Times UK
Business
Akshay Puri

Earn $60,000? Your Federal Tax Bill Could Drop by $171 in 2027 Under Projected New Brackets

Projected changes include higher standard deductions, which could further impact taxable income for households claiming the deduction. (Credit: This is an AI-Generated Image)

A potential change to US tax brackets in 2027 could leave some taxpayers paying hundreds of dollars less in federal income tax, depending on their taxable income. A single taxpayer with $60,000 in taxable income could pay about $171 less under projected 2027 thresholds than under the official 2026 thresholds, assuming all other tax circumstances remain unchanged.

The figures are not final. Bloomberg Tax projected on 11 September that federal income-tax brackets could rise by about 3.2% in 2027 as part of the annual inflation adjustment.

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