Summary
Rev. Proc. 2026-35 and IR-2026-133 set 2027 figures: the standard deduction rises to $33,200 for joint filers and $16,600 for singles, and the foreign earned income exclusion goes to $137,300. The annual gift exclusion becomes $20,000, gifts to a non-citizen spouse can reach $201,000 and the basic estate exclusion is $15.48 million.
What it means for you
Indians working in the US, US citizens in India and NRIs with non-citizen spouses should use the new limits in 2027 planning.
This summary is general information, not legal advice. The outcome of any case depends on its facts; read the source and take advice before acting.
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