Upon what does your standard deduction depend?

The standard deduction, which is a fixed amount that reduces your taxable income, depends on several factors. Here's how to determine your standard deduction:

1. Filing Status: The standard deduction amount varies based on your filing status. The five filing statuses are Single, Married Filing Jointly, Married Filing Separately, Head of Household, and Qualifying Widow(er) with Dependent Child. Each status has a different standard deduction amount.

2. Age: If you or your spouse (if married) are 65 years or older, or blind, you may qualify for an additional standard deduction amount.

3. Dependents: If someone can claim you as a dependent on their tax return, your standard deduction might be limited.

To find the specific standard deduction amount applicable to you, you can refer to the IRS website, consult the relevant tax publications, or use tax software or online calculators. It's important to keep in mind that tax laws can change, so it's best to refer to up-to-date information when determining your standard deduction.