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IRS Standard Deduction
2021
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nationaltaxreports.com
What is the IRS Standard Deduction in 2025 and 2026?
Every taxpayer should know about the IRS standard deduction. It is an important part of your tax return. It can greatly lower your taxable income. But what exactly is the IRS standard deduction? It's a fixed dollar amount. This amount is subtracted from your income before calculating your tax.
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