Question

Arthur is 65 years old and single. He supports his father, who is 90 years old, blind, and has no income. What is Arthur's standard deduction?

Answer 1

Answer:

Additional sum of money will be added to Arthur's standard deduction.

Explanation:

• The taxable income of any taxpayer gets an additional amount added to the tax money that reduces the amount, this is called as the standard deduction.
• Any household can claim the standard deduction with the income level below certain threshold.
• For any taxpayers whose age is 65 or even older can acquire the benefit of additional amount that gets added to their standard deduction.