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2. Standard deduction - Wikipedia

   en.wikipedia.org/wiki/Standard_deduction

   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 ...

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

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   Here are the standard deductions for the 2022 and 2023 tax years: Single: $12,950 for 2022, $13,850 for 2023. ... You can itemize deductions by filing Schedule A, Form 1040, Itemized Deductions ...

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

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   1040 income tax form. ... 2022 . Tax Rate. Single. ... 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 ...

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. Form 1040 - Wikipedia

   en.wikipedia.org/wiki/Form_1040

   (Until 2010) was used to figure an increased standard deduction in certain cases. [27] N/A Schedule M (2009 and 2010) was used to claim the Making Work Pay tax credit (6.2% earned income credit, up to $400). [28] N/A Schedule R Is used to calculate the Credit for the Elderly or the Disabled. Sch. 3 line 6d Schedule SE

7. What Is the 1040 and What’s the Difference Between the 1040 ...

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   Tax Schedules to Use in Addition to Form 1040. Schedule. ... charitable contributions if you itemize your deductions on Schedule A instead of taking the standard deduction. For tax-year 2020, that ...