Standard Deduction 2020-2021: What It Is and How it Affects Your Taxes

Standard Deduction 2020-2021: What It Is and How it Affects Your Taxes

Standard Deduction 2020-2021: What It Is and How it Affects Your Taxes

The expansion of the standard deduction and repeal of the personal exemption are affecting millions of Americans.

The expansion of the standard deduction and repeal of the personal exemption are affecting millions of Americans.

Photo: Tammy Lian