Population Demographics for Sherman County, Texas in 2016 and 2015.
Additional amounts are available for persons who are blind and/or are at least 65 years of age. The standard deduction is distinct from personal exemptions, which also are available to all taxpayers and dependents.
The standard deduction is an amount that you can deduct from your federal taxable income if you don't itemize your deductions. If you do itemize your deductions, you can't take the standard deduction, but you can deduct qualified home mortgage interest.