Definitions for "standard deduction"
Keywords:  taxpayer, lieu, deduct, irs, taxable
A fixed deduction allowed to taxpayers who do not itemize.
fixed deduction allowed to taxpayers who do not itemize. see also filing status.
A minimum deduction that may be taken in lieu of itemizing deductions on a tax return, such as charitable contributions, mortgage interest, or state and local taxes. Typically, taxpayers with small deductible amounts that could be itemized choose to take the standard deduction. There are different standard deductions for single, head of household, and joint returns.
Keywords:  subchapter, stock, plan, purchase
stock purchase plan Subchapter M