Module 7: Standard Deduction
The standard deduction reduces the income subject to tax. The amount of the standard deduction depends on the filing status, the age of the taxpayer and spouse, whether the taxpayer or spouse is blind, and whether the taxpayer can be claimed as a dependent on another taxpayer's return.
Tax Tutorial: Standard DeductionDiscover the standard deduction, and learn how it affects income that is subject to tax.
Fact Sheet: Standard DeductionPrint this fact sheet on standard deduction.
Simulation 7A: Completing a Tax Return as a DependentHelp Monica Lindo, a full-time college student, complete her Form 1040A.
Simulation 7B: Completing a Tax Return Using Married Filing Separately Filing StatusHelp Jesse and Belinda Russell, a married couple, complete their Form 1040A.
Assessment: Standard DeductionReview your understanding of the standard deduction.
Check your understanding of the standard deduction and how it affects taxable income. Indicate whether each of the statements below is true or false by clicking on the correct answer. To assess your answers, click the Check My Answers button at the bottom of the page.
tell us what you think!
|Please take a few minutes to complete a very short Understanding Taxes user survey. Your thoughts and opinions will help us continue to meet the needs of educators and students.|