Federal income tax brackets projected to rise 3.2% next year

The short version

• Federal tax brackets are estimated to increase by 3.2% next year, based on calculations by Bloomberg Tax.[CBS News]
• The standard deduction is projected to reach $33,200 for married couples filing jointly and $16,600 for single taxpayers.[CBS News]
• The IRS adjusts thresholds annually via the chained Consumer Price Index, but Bloomberg Tax relied on an 11-month average after a shutdown halted October 2025 data.[CBS News]

Key facts

• Bloomberg Tax estimates project a 3.2% rise in federal tax brackets next year.[CBS News]
• Standard deductions are projected to increase to $33,200 for joint filers and $16,600 for single filers.[CBS News]
• The IRS typically uses the chained Consumer Price Index to update tax brackets annually for inflation.[CBS News]
• An 11-month average was used by Bloomberg Tax because October 2025 inflation data was not reported by the Department of Labor during a government shutdown.[CBS News]

Sources

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.

• See how your income tax bracket could change for 2027CBS News - US