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

译员Susanne，知名国际商学院金融专业，专注翻译各种与并购诉讼有关的法律文件。