Which amount represents the standard deduction for a taxpayer who is single and 68 years of age?
A) $6,200.
B) $7,750.
C) $6,100.
D) $7,400.

Question

Quizplus · Accepted Answer

For the tax year 2023, the standard deduction for a single taxpayer is $13,850. However, taxpayers who are 65 or older receive an additional standard deduction amount. In 2023, this additional amount is $1,850 for single filers, making the total standard deduction for a single taxpayer aged 68 $15,700. None of the options provided are correct for 2023.

Which Amount Represents the Standard Deduction for a Taxpayer Who