Bloomberg Tax Releases Projections for U.S. Tax Rates in 2027
Bloomberg Tax & Accounting has released its projected U.S. tax rates for 2027, factoring in a forecasted inflation increase of 3.2% compared to the previous year's 2.7%. The report highlights adjustments due to new provisions under the One Big Beautiful Bill Act (OBBBA), including changes to child care credits and information reporting thresholds. The projections show increased income tax bracket ranges for both married filing jointly and single filers, with notable shifts in standard deductions and alternative minimum tax exemptions. These updates are integrated into Bloomberg Tax's software tools such as Provision, Fixed Assets, and Workpapers, aiming to streamline planning processes for professionals amid evolving policies. Evan Croen, head of Bloomberg Tax & Accounting, emphasized the importance of early projections in helping tax professionals make informed decisions ahead of official data releases.
