Examples of 'standard deduction' in a sentence
Meaning of "standard deduction"
A standard deduction refers to a fixed amount that is subtracted from an individual's taxable income. It is a simplified method used to calculate one's tax liability or reduce the amount of income subject to tax. The specific amount of the standard deduction varies depending on factors such as filing status and age
How to use "standard deduction" in a sentence
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standard deduction
We doubled the standard deduction for everybody.
Standard deduction nearly doubled over last year.
The use of that standard deduction is optional.
Standard deduction for a married couple.
Most taxpayers take the standard deduction.
The standard deduction amounts have been increased.
I also favor doubling the standard deduction.
The standard deduction will be increased.
You are better off with the standard deduction.
The standard deduction is roughly doubled.
Nonresident foreigners are not allowed to elect a standard deduction.
The standard deduction is much larger.
Do not forget the standard deduction.
Standard deduction increases but personal exemptions eliminated.
You can still take the standard deduction.
See also
The standard deduction increases across the board.
You can always choose the standard deduction.
The standard deduction.
How to write an application for the standard deduction.
The standard deduction has doubled but the personal exemption is gone.
You can only take the standard deduction.
The standard deduction reduces the income that is subject to tax.
That flat amount is called the standard deduction.
The standard deduction was recently almost doubled due to tax reform.
Nearly doubles the standard deduction.
The standard deduction is a.
This is in addition to the standard deduction.
Increases the standard deduction amounts for most tax payers.
You are not claiming the additional standard deduction.
You choose the larger of a standard deduction or your total itemized deductions.
Nonresident aliens do not qualify for the standard deduction.
You can also claim a higher standard deduction if you are legally blind.
The dependency exemption is less than the standard deduction.
The standard deduction has doubled for both individuals and couples.
Take a higher standard deduction.
This exemption no longer exists and has been replaced by a higher standard deduction.
You are allowed the best of your standard deduction or itemized deductions.
The amount by which your itemized deductions exceeded the standard deduction.
You can claim the standard deduction without having to spend a penny.
Certain tax payer are not eligible for standard deduction.
They also must use the standard deduction rather than itemize.
Certain taxpayers are not eligible for the standard deduction.
You do not qualify for the standard deduction or your claim is limited.
The clear majority of taxpayers will take the standard deduction.
The increase in the standard deduction is expected to offset the loss of personal exemptions.
You can also elect to take the standard deduction.
Taxpayers who take the standard deduction may not deduct charitable contributions.
You may still choose to take the standard deduction.
You can take the standard deduction or you can itemize your deductions.
The proposal also calls for increasing the standard deduction.
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