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IRS explains changes in standard deduction and tax tables
The Cedar Rapids IRS office outlines the 1976 standard deduction increases and new exemptions. It notes higher allowances for single and married filers, explains the new simplified tax table for taxable income under 20,000, and details which tax rate schedules apply to higher incomes. It also clarifies personal exemptions, the replacement of exemption credits, and double exemptions for seniors. Contact Cedar Rapids IRS at 366-8771 or toll free 800-362-2600.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Internal Revenue Service
Brenton Financial Center
First Avenue NE