First adopted in 1975, the Federal Rules of Evidence codify the evidence law that applies in United States federal courts.
There are some cases where adjustments should be made to the standard deduction. For example, if you are 65 or older, or if you are blind, the standard deduction increases. To lower your tax burden this year by up to $5,000, consider opening up an IRA (Individual Retirement Account). Mint.com has an IRA wizard that can show you what kind of IRA to open and where to open it. The personal exemption is another deduction to your income that you can take for yourself and for any dependents.
Standard deduction The standard deduction is a fixed dollar amount that reduces the income youâre taxed on. Your standard deduction varies according to your filing status. In 2017, the standard deduction is: For single or married filing separately â $6,350; For married filing jointly or qualifying widow(er) â $12,700; For head of household â $9,350; Your standard deduction increases if youâre blind or age 65 or older. It increases by $1,550 if youâre single or head of household and by $1,250 if youâre married or a qualifying widow(er). About two out of every three returns claim the standard deduction. The standard deduction: