As we are about to turn the page (click the arrow?) on the calendar to move into 2027, there are many changes that happen around taxes. These include tax bracket changes, changes in the limits of what you can contribute to various retirement accounts, and a variety of other changes. The following is by no means an exhaustive list, but I’ve tried to include the changes that I think are most likely to be useful for planning purposes to the readers of this blog. As always, I’m not a CPA, so check with a tax professional if you have any questions.
2027 Federal Income Tax Brackets
2027 Colorado State Income Tax Brackets
2027 Federal Capital Gains Tax Brackets
2027 Net Investment Income Tax (3.8% surtax on investment income)
2027 Federal Standard Deduction
2027 Roth IRA Income and Contribution Limits
2027 Traditional IRA Income Limits for Deduction
2027 Defined Contribution Limits (401k/403b/457b)
2027 Health Savings Accounts (HSA)
2027 Health Flexible Spending Account (Medical & Limited Purpose FSA)
2027 Dependent Care Flexible Spending Account
2027 Transportation Benefit Exclusion
2027 Social Security
2027 Medicare Premiums (IRMAA Surcharges; projected, not yet official)
2027 Education Tax Credits
2027 Savers Match
Note: Maximum match is $1,000 per person.
2027 Child Tax Credit
2027 Estate and Gift Tax Exclusion (per person)
Age for Required Minimum Distribution (RMD)
2027 ACA Health Insurance Federal Poverty Levels & Premium Subsidy
Are There Changes You Can (Should) Make?
So now is a great time to evaluate all of the above areas that might apply to you and perhaps make some changes. It’s always a good idea to see if you can increase your contributions to retirement plans, your HSA, or your FSA, and as you start gathering all the info you need to complete your 2026 taxes, start thinking about ways you might be able to optimize your 2027 taxes.