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$20,600 is not a credit. It is the sum of the standard deduction for married filing jointly and one personal exemption for each spouse for a total of two. It is subtracted from your adjusted gross income to determine your taxable income. You would receive the same type of deduction for 2016. It totals $12,700 for 2016.
$20,600 is not a credit. It is the sum of the standard deduction for married filing jointly and one personal exemption for each spouse for a total of two. It is subtracted from your adjusted gross income to determine your taxable income. You would receive the same type of deduction for 2016. It totals $12,700 for 2016.
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