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Standard Deduction Personal Exemption
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Standard Deduction and Tax Computation - IRS tax forms
apps.irs.govThe standard deduction amount can be found in the Standard Deduction Chart in the Volunteer Resource Guide. What is an itemized deduction? Itemized deductions allow taxpayers to reduce their taxable income based on specific personal expenses. If the total itemized deductions are greater than the standard deduction, it will result in a lower taxable
Information and Filing Standard - IRS tax forms
www.irs.govStandard deduction increased. The stand-ard deduction for taxpayers who don't itemize their deductions on Schedule A of Form 1040 or 1040-SR is higher for 2021 than it was for 2020. The amount depends on your filing status. You can use the 2021 Standard Deduction Tables near the end of this publication to figure your standard deduction ...