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What is the standard deduction used for? a. the standard deduction is the minimum size a deduction can be to be counted. b. the standard deduction is claimed automatically, before other deductions are calculated. c. the standard deduction is the minimum deduction that anyone may claim. d. the standard deduction is the maximum allowable deduction. please select the best answer from the choices provided a b c d

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KhiradAfaq

The standard deduction used for the minimum deduction that anyone may claim.

What is standard deduction?

Non-itemizers may deduct the standard deduction from their income before income tax is calculated. Taxpayers can select between itemized deductions and the standard deduction; nevertheless, they typically choose for the option that lowers their overall tax liability.

The standard deduction is a set sum of money that lowers the amount of income that is subject to taxation. The total of the basic standard deduction plus any additional standard deductions for old age or blindness constitutes your standard deduction.

Therefore, the standard deduction used for  minimum deduction that anyone may claim.

To know more about the standard deduction, click on the link

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