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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. What Is the Standard Deduction Amount for 2022-2023 and When ...

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    When you file your federal income tax return, you have two choices: take the standard deduction or itemize your deductions. ... Here are the standard deductions for the 2022 and 2023 tax years ...

  4. The 2025 tax brackets are here. How much will you owe? - AOL

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    Read more: 2024-2025 federal income tax brackets and rates. What’s the standard deduction in 2025? The standard deduction is an amount you can subtract from your taxable income, even if you don ...

  5. Taxpayers will get higher standard deductions in 2025, IRS ...

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    In tax adjustments announced last year, for example, the IRS raised single filers’ standard deduction by $750 between the 2023 and 2024 tax years — and by $1,500 and $1,100 for married couples ...

  6. IRS sets higher standard deduction, new tax brackets for 2025

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    For heads of households, the standard deduction will be $22,500 for tax year 2025, up $600 from 2024. ... These new figures would apply when you file your 2025 federal income tax return in 2026.

  7. 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").

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