IRS Lifts 2027 Standard Deduction to $33,200, Adds $6,000 Senior Bonus
Updated
Updated · Kiplinger's Personal Finance · Nov 5
IRS Lifts 2027 Standard Deduction to $33,200, Adds $6,000 Senior Bonus
3 articles · Updated · Kiplinger's Personal Finance · Nov 5
Summary
$33,200 is the 2027 standard deduction for married couples filing jointly, while single filers get $16,600 and heads of household $24,925 on returns filed in 2028.
Inflation indexing drove the increases, lifting the joint deduction by $1,000, the single deduction by $500, and the head-of-household amount by $775 from the prior tax year.
$1,700 in extra deduction applies to eligible taxpayers age 65 or older or blind—$2,100 if unmarried and not a surviving spouse—bringing a qualifying single senior's total to $18,700.
$6,000 more can be claimed under a temporary senior bonus created by the 2025 Trump tax bill, though it phases out above income thresholds and is available even to itemizers.
$48,600 is the maximum possible 2027 standard deduction for a married couple when both spouses qualify for the regular age-based add-on and the new senior bonus.