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To: DoodleDawg

What is a personal deduction? It doubles the standard deduction if that is what you are talking about.

We have been getting hit for the last three years, not sure why. It is painful.


4 posted on 09/27/2017 9:02:25 AM PDT by madison10 (Praying for President Trump and more wisdom for him)
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To: madison10

l believe he is referring to the personal exemption of $4,050 per member of the household. So if you are a family of four and you took the standard deduction last year, you had 12,000 + 16,2000 = 28,200 reduced from gross income. This hear that family of four gets 24,000. So a family of 3 is the break even. Then it will come down to how large the increase in the child tax credit will be.


37 posted on 09/27/2017 11:23:50 AM PDT by oincobx
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