what is irs standard deduction for seniors over 65
The standard deduction is a dollar amount that reduces the amount of income on which you are taxed.In general, the standard deduction is adjusted each year for inflation and varies according to your filing status, whether you are 65 or older and/or blind, and whether another taxpayer can claim you as a dependent.The standard deduction is not available to certain taxpayers.he standard deduction is a dollar amount that reduces the amount of income on which you are taxed.