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LSDefine

Simple English definitions for legal terms

standard deduction

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A quick definition of standard deduction:

A standard deduction is a set amount of money that a person can subtract from their income when calculating how much they owe in taxes. This is instead of itemizing specific expenses, like medical bills or charitable donations. It's a way to simplify the tax process for people who don't have a lot of deductions to claim. There are also other types of deductions, like ones for charitable donations or for people who are over a certain age or have a disability.

A more thorough explanation:

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standard characteristics | standard descriptive characteristics

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16:34
got waitlisted by rutgers and i think penn state too with that email :((((
i wouldn't take that email as a waitlist!!! i'd take it more as "we are gonna be slow"
i know someone who didn't get an acceptance notice until the fucking day before orientation like what
16:38
stay positive mr fingers!
mrphalanges
16:38
thank you!!
mrphalanges
16:38
hope that yall get into your schools!!
you too!!:)
oh to be the kid with a 3.9 and a 170+
DefinitelyRobbingBanks
16:41
Kinda wish I applied to Penn State.
MrThickRopes
16:41
Ima crash tf outtt
DefinitelyRobbingBanks
16:41
basically the same rank as UNLV, but a little closer to the Delaware market.
DefinitelyRobbingBanks
16:41
Penn State is dummy friendly with the Money too
mrphalanges
16:41
got deferred at villanova too which is my top school so april is kind of kicking my assssss
16:45
Awh, sorry. Hopefully you get off waitlist! you can also always try again next year
llama
16:58
Apply to 'Bama with me and Ropes!
llama
16:59
Im feeling bad about myself today, O well I bet ordering McDelivery some snackers will help! Chat what do I order?
17:01
nothing. get something healthier
llama
17:02
I get one cheat meal a day and Im not tryna eat rabbit food for dinner. C'mon
17:07
apple pie
Denny
17:11
nothing you idiots dr dres day
Denny
17:11
dead
17:13
he's locked in my basement
17:13
no cap
17:17
@llama: Get the spicy mchicken meal deal, get the free upgrade to a large soda and get a free deal fry or redeem an item. Crazy value for $5
llama
17:22
@syddak: Thanks G! Will do.
17:25
Must consoom!
17:28
don't forget the free large drink upgrade 😎
Denny
17:41
One mcchicken is not enough i need at least 4 of em
17:42
rutgers said no omgggg i'm so mad
17:45
it's ok they got a lot of apps
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