zero bracket amount

Definition of "zero bracket amount"
  1. A term used in federal tax that refers to a deduction from gross income allowed for taxpayers. This was reflected in tax tables before it was replaced by the standard deduction in 1986
How to use "zero bracket amount" in a sentence
  1. With the introduction of the standard deduction, the zero bracket amount became obsolete.
  2. Prior to 1986, individuals could use the zero bracket amount to reduce their gross income for tax calculation.
  3. Historically, the zero bracket amount was a tax relief strategy before the concept of the standard deduction was introduced.

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