The basic standard deduction in 2014 for a single taxpayer who is 67 years old and not blind is:
A) $7,400.
B) $6,200.
C) $7,750.
D) $1,550.

Question

Quizplus · Accepted Answer

The basic standard deduction for a single taxpayer who is 67 years old and not blind is $7,750 in 2014, according to the IRS. Option A is incorrect as it is higher than the correct answer. Option B is incorrect as it is the basic standard deduction for a single taxpayer under age 65. Option D is incorrect as it is the additional standard deduction if the taxpayer is single, over 65 years old, and/or blind.

The Basic Standard Deduction in 2014 for a Single Taxpayer