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Standard Deduction and Exemption Question
Standard Deduction and Exemption Question I'm confused as to if this is possible. Please let me know if I'm completely wrong or just making things harder for no reason. Standard deduction for single filers is $14,600 in 2024. Last year I made just below the standard deduction for 2023 so I claimed exempt. This year, I might make more than $14,600 by a little bit. Does it make sense to c...
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