Virginia

IRS announces increase in Child Tax Credit and deductions for 2027

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

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