Question

Gordon is over 65. how does that affect his tax return?
a. there is no effect.
b. it increases his standard deduction.
c. it increases his personal exemptions.
d. he must itemize his deductions.

Answer 1

Gordon is over 65, his age "increases his standard deduction", according to the IRS, people over 65 years of age are included in the deductions program, both for those who are single or married, only the amount varies a little, depending on their marital status, in the first case the amount to deduct is $ 1250 and the second is $ 1550.