------------------------------------------------------------0 l; b8 n' z8 a# m$ L& V
A base amount of income that is not subject to tax and that
2 w, Y# u, i& _& Z' x+ Tcan be used to reduce a taxpayer's adjusted gross income (AGI).+ O3 p( e! C Z9 U7 S6 e
A standard deduction can only be used if the taxpayer does$ [0 d1 s8 e3 M2 b) ]
not choose the itemized deduction method of calculating
6 ~$ {% L$ F& _: S$ v* s _1 h4 |taxable income. The amount of the standard deduction is based
" L+ X( F' G& ^. Non a taxpayer's filing status, age and whether he or she is: p" r1 M7 c: H' X: t( q
disabled or claimed as a dependent on someone else's tax return. |
