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.our standard deduction consists of the sum of the basic standard deduction and any additional standard deductions for age and/or blindness. You are allowed an additional deduction if you are age 65 or older at the end of the tax year. You are considered to be 65 on the day before your 65th birthday.