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.
Tweet. The standard deduction is a fixed amount, based on your filing status, that reduces your taxable income. You can use either the standard deduction or your actual itemized deductions on Form 1040, but not both. The standard deduction for a single person or a married person filing separately is $6,200 (2014).Married couples filing jointly have a standard deduction of exactly twice as much as a single person's, at $12,400. If you file as a head of household, your standard deduction is $9,100.ou can use either the standard deduction or your actual itemized deductions on Form 1040, but not both. The standard deduction for a single person or a married person filing separately is $6,200 (2014).