Standard deduction : it is a dollar amount that non-itemizers may subtract from their income and is based upon filing status. It is available to individuals, married persons, and heads of household and increases every year. Additional amounts are available for persons 65 and over, blindness, or both. The standard deduction is not to be confused with personal exemptions , which also are available to all taxpayers and dependents. Filers with qualifying expenses, homeowners, or large medical expenses for example, should consider itemizing deductions .
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