Ethan, age 67, and Abigail, age 64, with good eyesight, are married and file a joint tax return.They have adjusted gross income of $1,200,000 for 2019.They have only $5,000 of itemized deduction, so they claim their standard deduction.How much of their standard deduction is phased out in 2019?

Question

Quizplus · Accepted Answer

The standard deduction is not subject to phase-out based on adjusted gross income levels. Therefore, Ethan and Abigail can claim the full standard deduction amount for their filing status, regardless of their high adjusted gross income.

Ethan, Age 67, and Abigail, Age 64, with Good Eyesight