Ask Question
12 January, 19:23

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

+5
Answers (1)
  1. 12 January, 19:50
    0
    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.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Married taxpayers may double their standard deduction amount by filing separate returns. True False ...” in 📗 Social Studies if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers