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All of the following statements regarding the standard deduction are correct EXCEPT The standard deduction amounts are indexed annually for inflation. The amount of the

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All of the following statements regarding the standard deduction are correct EXCEPT The standard deduction amounts are indexed annually for inflation. The amount of the standard deduction depends on the taxpayer's filing status. The standard deduction is classified as an above-the-line deduction. The taxpayer may choose to itemize deductions instead of taking the standard deduction

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