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  2. Form 1040 - Wikipedia

    en.wikipedia.org/wiki/Form_1040

    Type Explanation Lines where schedule is referenced or needed in Form 1040 or associated numbered schedule (2021) Schedule A Itemizes allowable deductions against income; instead of filling out Schedule A, taxpayers may choose to take a standard deduction of between $6,300 and $12,600 (for tax year 2015), depending on age, filing status, and whether the taxpayer and/or spouse is blind.

  3. List of current members of the United States Congress by ...

    en.wikipedia.org/wiki/List_of_current_members_of...

    As of 2020, over half of the members of Congress were millionaires and the median net worth of members was approximately $1 million. [4] The original documents for each member's disclosure are publicly available on a database website, maintained by OpenSecrets .

  4. U.S. household wealth hits record even as economy struggles

    www.aol.com/finance/2020-09-21-us-household...

    The Federal Reserve said Monday that American households' net worth jumped nearly 7% in the April-June quarter to $119 trillion. That figure had sunk to $111.3 trillion in the first quarter, when ...

  5. Tax breaks after 50 you might not know about - AOL

    www.aol.com/finance/tax-breaks-after-50-you...

    The Tax Credit for the Elderly or Disabled allows low-income Americans ages 65 and older to claim a tax credit of $3,750 to $7,500, depending on your income, marital status and other factors.

  6. Earned income tax credit - Wikipedia

    en.wikipedia.org/wiki/Earned_income_tax_credit

    Graph, 2020 Tax Credit for case of one qualifying child. With one child and parent filing singly or as head of household, as of 2020: Tax credit equals $0.34 for each dollar of earned income for income up to $10,540. For income between $10,540 and $19,330, the tax credit is a constant "plateau" at $3,584.

  7. Financial position of the United States - Wikipedia

    en.wikipedia.org/wiki/Financial_position_of_the...

    The financial position of the United States includes assets of at least $269 trillion (1576% of GDP) and debts of $145.8 trillion (852% of GDP) to produce a net worth of at least $123.8 trillion (723% of GDP). [a] GDP in Q1 decline was due to foreclosures and increased rates of household saving.

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