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2. What Is the Tax Cuts and Jobs Act (TCJA)? - AOL

   www.aol.com/finance/tax-cuts-jobs-act-tcja...

   In 2024, the standard deduction for single filers is $14,600, but will increase to $15,000 next year. For married couples filing jointly, the deduction is $29,200 in 2024. It will increase to ...

3. Standard deduction - Wikipedia

   en.wikipedia.org/wiki/Standard_deduction

   For dependents, the standard deduction is equal to earned income (that is, compensation for services, such as wages, salaries, or tips) plus a certain amount ($400 in 2023). A dependent's standard deduction cannot be more than the basic standard deduction for non-dependents, or less than a certain minimum ($1,250 in 2023).

4. 5 key IRS tax changes for 2018 -- and why they might ... - AOL

   www.aol.com/finance/2017-10-30-5-key-irs-tax...

   We now know next year's tax brackets, standard deductions and retirement contribution limits after the IRS recently released a number of tax changes. 5 key IRS tax changes for 2018 -- and why they ...

5. Tax Cuts and Jobs Act - Wikipedia

   en.wikipedia.org/wiki/Tax_Cuts_and_Jobs_Act

   This is effectively a tax increase over time, as people move more quickly into higher brackets as their income rises; this element is permanent. [19] [20] The standard deduction nearly doubles, from $12,700 to $24,000 for married couples. For single filers, the standard deduction will increase from $6,350 to $12,000.

6. Trump-Era Tax Cuts Are Expiring: 4 Ways This Impacts ... - AOL

   www.aol.com/trump-era-tax-cuts-expiring...

   Individual income tax brackets will revert to 2017 levels, increasing anywhere between 1% to 4% for many Americans, Fox Business reported. ... the standard deductions are $14,600 for single filers ...

7. Income tax threshold - Wikipedia

   en.wikipedia.org/wiki/Income_tax_threshold

   Income tax threshold in France, which was €6,088 in 2012. The standard deduction in the US, which was $12,000 in 2018 for a single person. Basic personal amount in Canada, which was C$11,809 in 2018. [4] Tax-free threshold in Australia, which was A$18,200 in 2023–24. [5] [6] Tax-free threshold in Greece, which was €9,545 in 2016. [7]