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[[My spouse and I are filing our taxes as 'married filing jointly.' We do not have
any dependents. According to our IRS 19981040 instuction booklet, the
standard deduction is $7,100 in this case.]]

That is correct...

[[ However, our tax software is
calculating a value of $7,500 as our standard deduction.]]

I can't help you there. But I can tell you that the 1998 standard deduction is $7,100 for married/joint status. And I can't think of any combination of standard deductions/blind exemptions that would equal $7, I can't really help you out.

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