zero bracket amount

zero bracket amount
ze·ro brack·et amount n: 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

Merriam-Webster’s Dictionary of Law. . 1996.

zero bracket amount
A lump-sum allowance of income that a taxpayer could receive without imposition of any federal income tax because it was considered equivalent to the standard amount of deductions usually taken by an average taxpayer. It was replaced by the standard deduction in the Tax Reform Act of 1986. 100 Stat. 2085, 26 U.S.C.A. §§ 47, 1042.

Dictionary from West's Encyclopedia of American Law. 2005.


zero bracket amount
A lump-sum allowance of income that a taxpayer could receive without imposition of any federal income tax because it was considered equivalent to the standard amount of deductions usually taken by an average taxpayer. It was replaced by the standard deduction in the Tax Reform Act of 1986. 100 Stat. 2085, 26 U.S.C.A. §§ 47, 1042.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

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