zero bracket amount

noun

ze·​ro brack·​et amount
: a deduction from gross income that was permitted for federal taxpayers and reflected in tax tables until its replacement by the standard deduction in 1986

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Cite this Entry

“Zero bracket amount.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/zero%20bracket%20amount. Accessed 25 Feb. 2024.

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