Standard deduction: The standard deduction amount adjusts every year and can vary by filing status. The standard deduction amount depends on the taxpayer's filing status, whether they are 65 or older or blind, and whether another taxpayer can claim them as a dependent. Taxpayers who are age 65 or older on the last day of the year and don't itemize deductions are entitled to a higher standard deduction. Who Cannot Use Standard Deductions:
Married Individual filing as married filing separately whose spouse itemizes deductions.
Individual who files a tax return for a period of less than 12 months. This could happen, due to change in their annual accounting period
An Individual who was nonresident alien or a dual-status alien during the year. In certain conditions, nonresident alien married to U.S. Citizen or resident can take standard deductions
REMEMBER: The deduction for personal exemptions have been suspended for the tax years 2018 through 2025 by Tax Cuts and Jobs Act (TCJA).
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