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. In American tax law, the portion of an individual's or couple's income that is not taxed.The standard deduction is taken after computing the adjusted gross income. Taxpayers have the option of choosing between the standard deduction and making itemized deductions, based on medical expenses or local taxes paid.tandard Deduction. In American tax law, the portion of an individual's or couple's income that is not taxed.