College of Agriculture & Natural Resources

The standard deduction is $12,200 single, $24,400 married filing jointly, $18,350 head of household and extra for those 65 or older. The federal personal exemptions are now ZERO. If total income is over $111,700 married ($71,700 single), the Alternative Minimum Tax (AMT) may apply and must be calculated to see if it increases your income taxes. ................
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