zero bracket amount
noun
ze·ro brack·et amount
: a deduction from gross income that was permitted for federal taxpayers and reflected in tax tables until its replacement by the standard deduction in 1986
Dictionary Entries Near zero bracket amount
Cite this Entry
“Zero bracket amount.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/zero%20bracket%20amount. Accessed 21 Nov. 2024.
Copy CitationLove words? Need even more definitions?
Merriam-Webster unabridged
Share