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Personal Finance

IRS raises Child Tax Credit and standard deductions for 2027

Digilifetrends Published 1 min read
Internal Revenue Service Building in Federal Triangle, Washington D.C.
Internal Revenue Service Building in the Federal Triangle, Washington, D.C. (file photo). Photo: Carol M. Highsmith / Library of Congress (public domain)

The IRS has announced that the standard deduction for married couples filing jointly will increase to $33,200, and the Child Tax Credit will also rise for 2027, NBC 4 Washington reported.

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