The basic standard deduction in 2016 for a single taxpayer who is 67 years old and not blind is:
A)$1,550.
B)$6,300.
C)$7,850.
D)$7,550.

Question

Quizplus · Accepted Answer

According to the IRS standard deduction chart for 2016, the standard deduction for a single taxpayer who is 67 years old and not blind is $7,850. Option A is incorrect because it is much lower than the correct amount. Option B is the standard deduction for a single taxpayer who is under 65 years old. Option D is incorrect because it is close but still lower than the correct amount.

The Basic Standard Deduction in 2016 for a Single Taxpayer