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Definition of standard deduction noun from the Oxford Advanced Learner's Dictionary

standard deduction

noun
 
/ˌstændəd dɪˈdʌkʃn/
 
/ˌstændərd dɪˈdʌkʃn/
[usually singular] (US English)
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  1. a fixed amount of money that you can earn free of tax
Check pronunciation: standard deduction

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adverb
 
 
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