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Under Federal law, a prisoner serving more than 1 year can earn up to 54 calendar days of good time credit, though due to the way the Bureau of Prisons calculates the accumulation of good time credit, it works out to a maximum of about 47 days a year. You can read about it (and see how they determine the time) here.
Currently, federal inmates must serve at least 85% of their sentence
before being released.
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