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. The standard deduction is a dollar amount that reduces the amount of income on which you are taxed. But you cannot take the standard deduction if you claim itemized deductions. In general, the basic standard deduction is an amount relative to each tax year and varies according to your filing status.