The reason is simple: with older Los-Angeles-class fast-attack submarines (built between 1972 and 1996) retiring at a faster pace than Virginia subs are added, the U.S. Navy will face a shortfall in the number of active vessels in the near future.
The IRS says most taxpayers use the standard deduction. The standard deduction amount is different for each filing status and is higher for blind taxpayers and those who are age 65 or older. The amounts are also adjusted for inflation each year. 2016 tax return standard deductions
Standard Deduction. In American tax law, the portion of an individual's or couple's income that is not taxed.The standard deduction is taken after computing the adjusted gross income. Taxpayers have the option of choosing between the standard deduction and making itemized deductions, based on medical expenses or local taxes paid.tandard Deduction. In American tax law, the portion of an individual's or couple's income that is not taxed.