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Which of the following statements about standard deductions is TRUE? The Tax Cuts and Jobs Act reduced the standard deduction amounts significantly. Taxpayers who use
Which of the following statements about standard deductions is TRUE? The Tax Cuts and Jobs Act reduced the standard deduction amounts significantly. Taxpayers who use married filing separately status must both use the same deduction method, either standard or itemized. The federal standard deduction remains the same each year. Taxpayers using married filing separately status can never use the standard deduction, no matter what
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