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 tax deduction is a set amount a taxpayer deducts from his income on a federal tax return without the need to itemize his deductions, according to TurboTax. For 2015, the standard deduction is $6,300 for single taxpayers and $12,600 for couples filing jointly, reports Kelly Phillips Erb for Forbes. Keep Learning.