Former tax bracket eliminated in 1986 that previously determined the standard deduction portion of income - which is not taxed - for taxpayers who select not to itemize deductions. Taxpayers were able to subtract the zero-bracket amount from their adjusted gross income to arrive at their taxable income. The Tax Reform Act of 1986 replaced the zero-bracket amount with a standard deduction amount.

Related information about zero-bracket amount:

1. Zero Bracket Amount - Legal Dictionary - The Free Dictionary
   A lump-sum allowance of income that a taxpayer could receive without imposition of any federal Income Tax because it was considered equivalent to the ...
    
2. Zero-Bracket Amount - Financial Dictionary - The Free Dictionary
   Zero-bracket amount. The standard deduction portion of income which is not taxed for taxpayers choosing not to itemize deductions. Zero Bracket Amount ...
    
3. Zero-Bracket Amount: Definition from Answers.com
   until the tax reform act of 1986, the standard deduction, that is, the income automatically not subject to federal income tax for taxpayers choosing not.
    
4. Zero-Bracket Amount Law & Legal Definition
   Zero-bracket amount is a tax deduction formerly available to all individual taxpayers, regardless of whether they itemized their deductions. It is a lump-sum ...
    
5. What is zero-bracket amount? definition and meaning
   Definition of zero-bracket amount: Former tax bracket eliminated in 1986 that previously determined the standard deduction portion of income - which is not ...
    
6. Zero Bracket Amount - Encyclopedia.com
   Zero Bracket Amount – Encyclopedia.com has Zero Bracket ...
    
7. "Doing Too Much: The Standard Deduction and the Conflict ...
   We can replace the standard deduction with a true, independent zero bracket amount and a floor under the itemized deductions while staying revenue- and ...
    
8. Z Definitions: Campbell R. Harvey's Hypertextual Finance Glossary
   Zero-bracket amount: The standard deduction portion of income which is not taxed for taxpayers choosing not to itemize deductions. Zero-coupon bond: A bond ...