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January 13, 2022 at 9:07 AM. ... These are the standard deduction amounts for tax year 2021, which you file in 2022: Single: $12,550. Married filing jointly: $25,100.
Standard deduction: Head of household taxpayers are eligible for a $18,800 deduction for the 2021 tax year and a $19,400 deduction for the 2022 tax year. Qualifying Widow(er) with Dependent Child
Tax season is full of questions concerning ... 2021. Sept. 1 to Dec. 31, 2020. Jan. 15, 2022. ... The following are the most important tax dates for businesses that use a calendar year as their ...
The Individual Income Tax Act of 1944 created standard deductions on the 1040. [64] The tax return deadline was original set at March 1. This was changed to March 15 in the Revenue Act of 1918, and in the Internal Revenue Code of 1954, the tax return deadline was changed to April 15 from March 15, [64] as part of a large-scale overhaul of the ...
In July 2021, House Representative Tom Suozzi and Senate majority leader Chuck Schumer, both Democrats from New York, pushed legislation in the U.S. House of Representatives to repeal the deduction limit. [31] In April 2021, as the Build Back Better Act was being debated in the House, a bipartisan group of House lawmakers formed the "SALT ...
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