Chapter 3 Computing The Tax - Test Bank Town

An allowance (deduction) based on filing status, age and eye sight of the taxpayer only (not their dependents) Amounts: Filing Status Deduction Amount. Single $12,400. Married Filing Jointly $24,800. Head of Household $18,650. Married Filing Separately $12,400 (but only if spouse doesn’t itemize. Additional amounts for blind or 65 or older: 2020 ................
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