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.
Standard deduction The standard deduction is a fixed dollar amount that reduces the income youâre taxed on. Your standard deduction varies according to your filing status. In 2017, the standard deduction is: For single or married filing separately â $6,350; For married filing jointly or qualifying widow(er) â $12,700; For head of household â $9,350; Your standard deduction increases if youâre blind or age 65 or older. It increases by $1,550 if youâre single or head of household and by $1,250 if youâre married or a qualifying widow(er). About two out of every three returns claim the standard deduction. The standard deduction: