The standard deduction is a dollar amount that reduces the
amount of income subject to tax. You cannot take the standard
deduction if you are claiming itemized deductions.
The amount of standard deduction is based on a taxpayer's filing status.
The standard deduction amount can change from year to year
depending upon inflation.
There is an additional deduction amount for taxpayers age 65 or
older, are blind, or both.
The additional amount for age will be allowed if you or your
spouse are age 65 or older on the last day of the tax year. The IRS
considers you 65 on the day before your birthday.
The additional amount for blindness will be allowed if you or
your spouse are totally or partly blind on the last day of the tax
year. If you are partly blind, you must get a certified statement
from an optometrist or eye doctor declaring you cannot see better
than 20/200 vision in one eye (even with eye glasses or contact
lenses), or that your field of vision is not more than 20
If you can be claimed as a dependent on another person's tax return,
the amount of the standard deduction is reduced. Generally, the
amount of the standard deduction is limited to the greater of $950,
or your earned income for the year plus $300. The amount of the
standard deduction for a dependent cannot be higher than the
regular standard deduction amount.