R2- Standard Deduction Flashcards
1
Q
Standard Deduction
A
After AGI
Below the line deductions
1040EZ used
2
Q
Standard Deductions Amount for 2012
A
Single 5950 Head of Household 8700 MFJ 11900 MFS 5950* * available only if both spouse do not itemize
3
Q
Additional Standard Deduction 65 and/or Blind
A
If Single You get more 1450 per disability
If Married You get 1150 per disability per spouse
Single 65 or Blind 1450
Married 65 or Blind 1150
Single Both 65 and Blind 2900
Married One Spouse Both 65 and Blind 2300
Married Both Spouse 65 and Blind 4600