Sentences with phrase «additional standard deduction amounts»

This will result in fewer taxpayers itemizing deductions.1 Additional standard deduction amounts for the elderly and the blind are unchanged.

The additional standard deduction amount increases to $ 1,550 if the individual is also unmarried and not a qualifying widow (er).

Not exact matches

A taxpayer that deducts the standard deduction amount under this subsection and is entitled to an additional deduction amount under section 63 (f) of the Code for the aged or blind may deduct an additional amount under this subsection.