standard deduction

A specified dollar amount that a taxpayer can deduct from adjusted gross income, instead of itemizing deductions, to determine taxable income. [Cases: Internal Revenue 3295; Taxation 1031.1. C.J.S. Taxation §§ 1738–1739.]

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词条贡献者

译者Paloma，毕业于英国一流的高级翻译学院，擅长翻译各种与投资基金相关的法律文件。