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22 July, 22:55

Married taxpayers may double their standard deduction amount by filing separate returns. True False

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  1. 23 July, 01:05
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    Married taxpayers may double their standard deduction amount by filing separate returns is a FALSE statement.

    Explanation:

    For a married couple, the standard deduction remains the same that they were paying individually before the marriage. Each individual is given a deduction of $6,200 only, which becomes $12,400 after marriage, which can be again broken down as $6,200 each. Thus, individuals are not subject to any kind of excessive deduction after they get married as the breakdown of the deduction remains the same.
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