Question

Buddy and Hazel are ages 72 and 71, respectively, and file a joint return. If they have itemized deductions of $25,100 for 2019, they should not claim the standard deduction.

A. True
B. False

Answer 1

Buddy and Hazel should not claim the standard deduction.

Step-by-step explanation:

To determine whether Buddy and Hazel should claim the standard deduction or itemize their deductions, we need to compare the total amount of itemized deductions to the standard deduction for their filing status. For 2019, the standard deduction for married couples filing jointly is $24,400. If their itemized deductions are higher than this amount ($24,400), it would be more beneficial for them to itemize. However, since their itemized deductions are $25,100, which is higher than the standard deduction, they should not claim the standard deduction. Therefore, the answer is A. True.