Question

Alan, 46, and Donna, 33, are filing a joint return for 2019. Neither is blind, and neither can be claimed as a dependent. They decide not to itemize their deductions. What is their standard deduction

Answer 1

Answer:

$24,400

Explanation:

Assuming that Alan and Donna are married and they decide to file their taxes together, the standard deduction for 2019 taxes was $24,400.

The standard deduction increases if you or your spouse is over 65 years old, or if any of you is blind. The standard deduction generally increases a little bit every year, e.g. during 2018 it was $24,000 and for 2020 it is $24,800.

Answer 2

Their standard deduction should be $24,400.

The following information should be considered;

• The standard deduction amounts will increase to $12,200 for individuals, $18,350 for heads of household, and $24,400 for married couples filing jointly and surviving spouses.
• For 2019, the additional standard deduction amount for the aged or the blind is $1,300.

Learn more; brainly.com/question/16911495