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The standard deduction is distinct from the personal exemption, which was set to $0 by the Tax Cuts and Jobs Act of 2017 for tax years 2018 ... [19] $5,800 $11,600 ...
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We now know next year's tax brackets, standard deductions and retirement contribution limits after the IRS recently released a number of tax changes. 5 key IRS tax changes for 2018 -- and why they ...
The Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018, [2] Pub. L. 115–97 (text), is a congressional revenue act of the United States originally introduced in Congress as the Tax Cuts and Jobs Act (TCJA), [3] [4] that amended the Internal Revenue Code of 1986.
The IRS just announced next year’s standard deduction, and it could help cut your tax bill. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 ...
Financial years 2018–19, 2019–20 [1] ... As of 1 January 2018, ... Standard deduction is a sort of minimum itemized deduction. If all itemized deductions are ...
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