2027 Standard Deduction Amounts Have Been Set

The IRS has released higher standard deduction amounts for 2027.

The IRS has公布 the standard deduction figures for the 2027 tax year, and the amounts are larger than before.

Each year, the federal tax agency updates these deductions by filing status. Because the figures are tied to inflation, the 2027 standard deduction is higher than in previous years.

Knowing the standard deduction for your filing status can help you decide whether to itemize or take the standard deduction when you file.

Here is the latest information.

The 2027 standard deduction amounts (returns generally filed in 2028)

Extra standard deduction for taxpayers age 65 and older

Taxpayers who are at least 65, as well as people who are blind, may qualify for an additional standard deduction. For 2027, that extra amount is $1,700, or $2,100 if the filer is unmarried and not a surviving spouse.

Those who qualify can add that amount to the regular standard deduction for their filing status. For example, a single taxpayer who is 65 or older, or who is blind, can claim a total standard deduction of $18,700 on a 2027 federal return.

As Kiplinger has reported, the 2025 Trump tax bill also created a temporary bonus standard deduction of $6,000 for people age 65 and older.

Eligible taxpayers can add this bonus to the 2027 standard deduction for each qualifying individual, and taxpayers who itemize may still claim it.

The bonus deduction is temporary, however, and begins to phase out above certain income limits.

Standard deduction rules if you are claimed as a dependent

Your standard deduction may be different if another taxpayer can claim you as a dependent on a federal return.

For dependents, the 2027 standard deduction is limited to the greater of $1,400 or $500 plus the dependent's earned income.

Note: A dependent's standard deduction cannot be more than the regular standard deduction for the applicable filing status, even if earned income is higher than the basic amount.

What is the maximum possible standard deduction?

With the new senior bonus deduction, the existing additional deduction for people over 65, and the higher base standard deduction, the largest possible 2027 standard deduction reaches $48,600.

That total applies to married couples filing jointly when both spouses are at least 65, qualify for the bonus deduction, and each can claim the extra standard deduction.