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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. 9 Tax Breaks Parents Can Get for Claiming Kids on Taxes - AOL

    www.aol.com/9-tax-breaks-parents-claiming...

    As soon as your child is born, you’re eligible for the Child Tax Credit, which pays up to $3,600 for every child under the age of 17, depending on your income.

  4. Child tax credit (United States) - Wikipedia

    en.wikipedia.org/wiki/Child_tax_credit_(United...

    The child tax credit under the Tax Cuts and Jobs Act of 2017. Top plateau would be higher for more children. Under the Tax Cuts and Jobs Act of 2017 (TCJA), for the years 2018–2025 (excluding 2021, see below section Temporary Expansion in 2021) the CTC allows taxpayers to reduce their federal tax liabilities by $2,000 per qualifying child (see Eligibility).

  5. Tax bracket - Wikipedia

    en.wikipedia.org/wiki/Tax_bracket

    If all itemized deductions are added up and it is less than the standard deduction, the standard deduction is taken. In 2007 this was $5,350 for those filing individually and $10,700 for married filing jointly. Personal exemption is a tax exemption in which the taxpayer may deduct an amount from their gross income for each dependent they claim ...

  6. 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: ...

  7. The IRS just announced next year’s standard deduction, and it could help cut your tax bill.

  8. Sales taxes in the United States - Wikipedia

    en.wikipedia.org/wiki/Sales_taxes_in_the_United...

    Since 1 January 2019, Arkansas' state sales tax on unprepared food (groceries) was reduced to 0.125% (penny per $8) from 1.5%. Sales taxes on groceries had previously been reduced to 1.5% from 2% on July 1, 2011, to 2% from 3% on July 1, 2009, and to 3% from 6% on July 1, 2007. Local sales taxes on groceries remained unchanged.

  9. Taxpayers Get Thousands Back From These 9 Tax Deductions - AOL

    www.aol.com/news/top-9-tax-deductions-average...

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