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If you were married in 2022, congratulations! As the honeymoon phase starts to wind down and real life kicks in, however, you might be left with some questions, especially when it comes to filing...
Loaded 0%. Some married couples may want to go their separate ways when filing their taxes this year to get the biggest tax benefit. “Because of the different cutoffs for Economic Impact ...
For example, the standard deduction for the 2022 tax year is $12,950 ($13,850 in 2023) for single filers. The deduction for taxpayers who are married and file jointly is $25,900 ($27,700 in 2023 ...
v. t. e. Under United States tax law, the standard deduction is a dollar amount that non- itemizers may subtract from their income before income tax (but not other kinds of tax, such as payroll tax) is applied. Taxpayers may choose either itemized deductions or the standard deduction, [1] but usually choose whichever results in the lesser ...
The standard deduction — claimed by most taxpayers — will increase to $25,900, which is $800 more for married couples filing jointly for the tax year 2022. For single taxpayers and married ...
Erica York, a senior economist and research manager at the Tax Foundation, offers tips on how married couples can navigate this year's tax season. ... April 7, 2022 at 4:50 PM ...
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