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T/F: Beginning in 2018, Congress increased the standard deduction.

User Tjsmith
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Final answer:

False. Beginning in 2018, Congress increased the standard deduction.

Step-by-step explanation:

False. Beginning in 2018, Congress actually increased the standard deduction. This means that individuals can now deduct a higher amount of their income from their taxable income, resulting in a lower overall tax liability. The standard deduction for the tax year 2018 is $12,000 for single individuals and $24,000 for married couples filing jointly. This increase in the standard deduction provides individuals and families with a larger tax break and reduces their taxable income.

User Shourav
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