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
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.