The standard deduction is a set amount on which no taxes are paid. For 2018,single people receive a standard deduction of:
A)$24,000
B)$22,000
C)$15,000
D)$12,000
E)$0

Question

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For the tax year 2018, the standard deduction for single filers was $12,000. This was an increase from previous years, part of the changes introduced by the Tax Cuts and Jobs Act of 2017.

The Standard Deduction Is a Set Amount on Which No