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IRS announces increase in Child Tax Credit and deductions for 2027

IRS announces increase in Child Tax Credit and deductions for 2027
Photo: NBC 5 Dallas-Fort Worth (KXAS) - Top Stories · view original

The Internal Revenue Service (IRS) announced new inflation adjustments for the 2027 tax year, including changes to the standard deduction, income tax brackets and several tax credits. “Hardworking American taxpayers will continue to benefit from the Working Families Tax Cuts (WFTC) and will see W...

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