STANDARD DEDUCTION
Standard deduction is a method that may be used by taxpayers if the itemized deduction in the taxable income calculation is not used. In this method, the income’s base amount not subject to tax may be used to cut down the adjusted gross income (AGI) of the taxpayer. The standard deduction amount will depend on several factors involving the taxpayer such as filing status, the age, the disabilities, if there are any, the dependency on other taxpayer.
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Free File Fillable Tax Forms
Electronic versions of tax forms, first posted by the IRS in 2009, to allow taxpayers, regardless of their income, to file their taxes online at no ...
Value Network
Value Network is a set of connections between individuals and/or organizations that interact with each other for the purpose of benefiting the whol ...
Grandfathered Activities
Nonbank or nonconforming activities, usually some are not prohibited for bank holding firms and international banks in the United States, but were ...
Universe Of Securities
The Universe Of Securities is a set of securities with a common feature. Examples of features that might be shared are market capitalization, indus ...
Erosion
Gradual diversion of money from lucrative segments or projects in a business to new areas and projects. Even though managers almost always take int ...
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