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2. Standard deduction - Wikipedia

   en.wikipedia.org/wiki/Standard_deduction

   Toggle the table of contents. ... the standard deduction is a dollar amount that non-itemizers may subtract from their income ... 2020 [10] $12,400 $24,800 $18,650 ...

3. What Are the 2020-2021 Federal Tax Brackets and Tax Rates? - AOL

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   In 2020, the deadline for filing a 2019 tax return was postponed by three months to July 15 — a nearly unprecedented move that defined the turmoil of April last year. ... The standard deduction ...

4. IRS Tax Brackets: Here’s How Much You’ll Pay in 2021 on What ...

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   For tax year 2020, the standard deduction rises from 2019 levels to $12,400 for single filers, $24,800 for married filing jointly, $12,400 for married filing separately and $18,650 for heads of ...

5. Income tax in the United States - Wikipedia

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

   Standard deduction: Individuals get a deduction from taxable income for certain personal expenses. An individual may claim a standard deduction . For 2021, the basic standard deduction was $12,550 for single individuals or married persons filing separately, $25,100 for a joint return or surviving spouse, and $18,800 for a head of household.

6. Tax bracket - Wikipedia

   en.wikipedia.org/wiki/Tax_bracket

   Itemized deductions are other specific deductions such as; mortgage interest on a home, state income taxes or sales taxes, local property taxes, charitable contributions, state income tax withheld, etc. Standard deduction is a sort of minimum itemized deduction. If all itemized deductions are added up and it is less than the standard deduction ...

7. What Is the Standard Tax Deduction? - AOL

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8. Rate schedule (federal income tax) - Wikipedia

   en.wikipedia.org/wiki/Rate_schedule_(federal...

   The origin of the current rate schedules is the Internal Revenue Code of 1986 (IRC), [2] [3] which is separately published as Title 26 of the United States Code. [4] With that law, the U.S. Congress created four types of rate tables, all of which are based on a taxpayer's filing status (e.g., "married individuals filing joint returns," "heads of households").

9. Standard Deduction vs. Itemized Deductions: Which Is Better?

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   The federal tax filing deadline for individuals has been extended to May 17, 2021. Quarterly estimated tax payments are still due on April 15, 2021. For additional questions and the latest ...