Topic: Standard Deduction
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What is the Standard Deduction?
The standard deduction is the amount of money you can claim on your taxes without itemizing your deductions. In 2009, if you are single, your standard deduction would be $5,700. If you are married filing jointly, your standard deduction wou... Read More »
Source: http://answers.ask.com/Business/Finance/what_is_the_standard_dedu...
What Are the Standard Payroll Deductions?
Your paycheck, whether you work hourly or on salary, always contains less money than what you are actually paid. This is because certain taxes are, by law, deducted from your pay before it reaches your pocket or bank account. These required... Read More »
Source: http://www.ehow.com/facts_4927913_what-standard-payroll-deduction...
How to Calculate Standard Mileage Deduction
The Internal Revenue Service allows a taxpayer to deduct either the standard mileage rate for the business, medical, moving or charitable use of a vehicle during the year or for the actual cost of driving a car for those purposes. The abili... Read More »
Source: http://www.ehow.com/how_6383536_calculate-standard-mileage-deduct...
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Standard Deduction
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A standard deduction is the amount of money a tax filer may subtract from his income before calculating tax liability. Basically, a filer will not have to pay taxes on the amount of the deduction. Keep in mind that the standard deduction is...
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Source: http://www.ehow.com/how_6002841_claim-new-standard-deduction.html...
Calculating a standard deduction for your federal income taxes can be a daunting proposition. Even though a standard 1040 form is only two pages, the attachments and supplementary forms can be quite lengthy, and if you are unfamiliar with f...
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Source: http://www.ehow.com/how_5716887_calculate-deduction-federal-incom...
The Internal Revenue Service, IRS, bases the standard deduction each year on inflation. If your itemized deductions are less than your IRS standard deduction, you are better off using the standard deduction to file your federal income tax. ...
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Source: http://www.ehow.com/how_4852733_irs-standard-deduction.html
Many people use their personal vehicles as part of their work, thereby incurring expenses which can be significant. The IRS allows taxpayers to take a standard mileage deduction for qualified business miles driven. You also might be able to...
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Source: http://www.ehow.com/how_6154358_deduct-gas-reimbursement-standard...
The standard deduction is a fixed amount that is allowed to be deducted from income so that it is not taxed. In order to figure your standard deduction, you first need to know your filing status. There is a different standard deduction amou...
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Source: http://www.ehow.com/way_5766236_do-figure-standard-deduction_.htm...
The government allows a standard deduction of $5,150 for each person to take off of their income when filing their taxes. The other option is to itemize your deductions and add up the total of all money that you spent during the year that i...
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Source: http://www.ehow.com/how_2146633_compare-standard-itemized-tax-ded...
