A fixed deduction allowed to taxpayers who do not itemize.
Related information about standard deduction:
- Standard deduction - Wikipedia, the free encyclopedia
The standard deduction, as defined under United States tax law, is a dollar amount that non-itemizers may subtract from their income and is based upon filing ...
- Tax Topics - Topic 551 Standard Deduction
Oct 31, 2012 ... The standard deduction is a dollar amount that reduces the amount of income on which you are taxed. In general, the standard deduction is ...
- How Much is My Standard Deduction?
Aug 3, 2012 ... How Much is My Standard Deduction: The Standard Deduction is a dollar amount that reduces the amount of income on which you are taxed.
- Standard Deduction
Taxpayers can opt to take a standard deduction (a flat dollar amount that reduces taxable income) or itemize their deductions instead. The standard deduction ...
- Personal Exemption and Standard Deduction 2001-2012
individual income tax personal exemption standard deduction filing threshold.
- Standard Deduction – Federal Tax Guide • 1040.com – File Your ...
The standard deduction is a dollar amount that reduces the amount of income subject to tax. You cannot take the standard deduction if you are claiming itemized ...
- Standard Tax Deduction Amounts | Bankrate.com
Jan 9, 2012 ... For standard deduction amount purposes, if your 65th birthday was Jan. 1, the Internal Revenue Service considers you age 65 for the previous ...
- Standard Deduction Definition | Investopedia
A base amount of income that is not subject to tax and that can be used to reduce a taxpayer's adjusted gross income (AGI). A standard deduction can only be ...