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2. 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).

3. Income tax in the United States - Wikipedia

   en.wikipedia.org/wiki/Income_tax_in_the_United...

   Marginal tax rates and income brackets for 2017 Marginal tax rate [27] Single taxable income Married filing jointly or qualified widow(er) taxable income Married filing separately taxable income Head of household taxable income 10% $0 – $9,325: $0 – $18,650: $0 – $9,325: $0 – $13,350 15% $9,326 – $37,950: $18,651 – $75,900: $9,326 ...

4. Tax bracket - Wikipedia

   en.wikipedia.org/wiki/Tax_bracket

   If all itemized deductions are added up and it is less than the standard deduction, the standard deduction is taken. In 2007 this was $5,350 for those filing individually and $10,700 for married filing jointly. Personal exemption is a tax exemption in which the taxpayer may deduct an amount from their gross income for each dependent they claim ...

5. 10 Biggest Tax Questions for Married Couples - AOL

   www.aol.com/10-biggest-tax-questions-married...

   If you weren’t married on Dec. 31 of the tax year, the IRS considers you to be single, the head of household or a qualified widow(er) for that year. ... and the highest standard deduction amount ...

6. Trump-Era Tax Cuts Are Expiring: 4 Things To Know About ... - AOL

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

   This higher standard deduction is due to expire with the Tax Cuts and Job Act. The standard deduction increased to $27,700 for married couples filing jointly, up from $25,900 in 2022. Single ...

7. IRS Tax Brackets: Here’s How Much You’ll Pay in ... - AOL

   www.aol.com/finance/irs-tax-brackets-much-ll...

   For tax year 2021, the standard deduction rises from 2020 levels to $12,550 for single filers, $25,100 for married filing jointly, $12,550 for married filing separately and $18,800 for heads of ...