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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. More taxpayers claim standard deduction due to complex filing ...

    www.aol.com/more-taxpayers-claim-standard...

    The standard deduction rate last year was $13,850 for an individual, and $27,700 for a married couple. Jenkin says around 90% of tax payers are going to end up using the standard deduction.

  4. 2019 Standard Deduction: How Much Bigger Did It Get? - AOL

    www.aol.com/news/2019-standard-deduction-much...

    This tax break is growing, but not as much as it did last year. This tax break is growing, but not as much as it did last year. Skip to main content. 24/7 Help. For premium support please call: ...

  5. Your 2019 Guide to Tax Deductions - AOL

    www.aol.com/news/2019-guide-tax-deductions...

    Here are all of the tax deductions still available to American households and the requirements for claiming each one.

  6. Marriage penalty - Wikipedia

    en.wikipedia.org/wiki/Marriage_penalty

    On the other hand, being married can result in a lower effective tax rate if only one spouse works because the marginal tax bracket for married couples filing jointly is twice as much compared to the same marginal bracket for singles, and the standard deduction is twice the amount for married filing jointly compared to single status.

  7. 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 ...

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