Sentences with phrase «additional standard deduction»

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

The legislation also leaves intact the additional standard deduction for filers who are 65 and over or blind, allowing them to claim an additional $ 1,300 when they file their 2018 taxes.

Single filers who are blind or over 65 are eligible for a $ 1,600 additional standard deduction, on top of the $ 12,000 they get from the new tax law.

Bulk up your tax savings in 2018, as lawmakers have kept the additional standard deduction for seniors and the blind.

I know people that intentionally fill through the 25 % bracket (or higher) with Roth conversions, which is silly because majority of retirees aren't in that bracket because of additional standard deduction and favorable taxation on social security income.

And the aged and the elderly will lose their additional standard deduction, which under current law offers them up to $ 5,000 in additional deductions.

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

Note that there is an additional standard deduction for elderly or blind taxpayers, which is $ 1,250 for tax year 2017.

A taxpayer who is both blind and over age 65 may claim the basic standard deduction as well as an additional standard deduction (equal to the total of the additional amounts for age and blindness).

You are eligible for an additional standard deduction for blindness if you are blind on the last day of the tax year.

Blind people receive an additional standard deduction of at least $ 1,100.

The additional standard deduction for taxpayers who are blind or over age 65 remains unchanged at $ 1,450 for single taxpayers and $ 1,150 for married taxpayers.

In 2017, the tax rules allowed individual tax filers over age 65 to claim an additional standard deduction of $ 1,550, and married couples over the age of 65 could increase their standard deduction by $ 2,500.

In 2017, the couple opted for the standard deduction of $ 12,700, plus the additional standard deduction for the elderly of $ 2,500, and the personal exemptions totaling $ 8,100.

You can take an additional standard deduction of up to $ 1,050 if you are age 65 or older.

There is also an additional standard deduction for taxpayers who are over the age of 65 and / or those who are blind.

note that there is an additional standard deduction for the elderly and visually impaired.

(3) such additional deductions (including the additional standard deduction under section 63 (c)(3) for the aged and blind) and other items as may be specified by the Secretary in regulations.