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Feedback Check My Work Taxpayers are allowed to deduct the greater of itemized deductions or...

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Accounting

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Taxpayers are allowed to deduct the greater of itemized deductions or the standard deduction. The child tax credit and dependent tax credit are
provided to individual taxpayers based on the number of their qualifying children and dependents. The computation of income tax due (or refund)
involves applying the proper set of tax rates to taxable income and then adjusting for available credits.
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