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7 L. S# F% L3 e* m" N; t3 q# VA base amount of income that is not subject to tax and that+ G. B' Z! b8 w7 v3 a& N
can be used to reduce a taxpayer's adjusted gross income (AGI).0 `5 m1 C3 @0 R% M; ^
A standard deduction can only be used if the taxpayer does0 g$ i$ g) V8 V7 Y, E" O+ K
not choose the itemized deduction method of calculating& F/ D \* K& {
taxable income. The amount of the standard deduction is based+ H: M' v$ v* F! L. ~* t) O) R
on a taxpayer's filing status, age and whether he or she is
* y4 U6 l$ ~6 ^disabled or claimed as a dependent on someone else's tax return. |
