Pub. L. 92-178, tit. II, sec. 206

ELECTION OF STANDARD DEDUCTION.

Name: Justis AI
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EnactedYear: 1971Length: 41 wordsOfficial source

SEC. 206. ELECTION OF STANDARD DEDUCTION. Effective with respect to taxable years beginning after December 31, 1970, section 144 (relating to election of standard deduction) is amended by striking out “$5,000” each place it appears and inserting in lieu thereof “$10,000”.