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Case Study 1: The Standard DeductionJames, 44, and Sara, 39, are filing a joint return. Neither is blind, and neither can be claimed as a dependent. They decided not to itemize their deductions. They will use the married filing jointly standard deduction amount. How much is their standard deduction? Click here for an explanation. Their standard deduction is $30,000. The standard deduction amount is found in the Standard Deduction Chart for Most People in the Volunteer Resource Guide, Tab F, Deductions. |
