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 is a dollar amount that reduces the amount of income on which you are taxed.In general, the standard deduction is adjusted each year for inflation and varies according to your filing status, whether you are 65 or older and/or blind, and whether another taxpayer can claim you as a dependent.he standard deduction is a dollar amount that reduces the amount of income on which you are taxed.