Final answer:
The statement is false. In determining the filing requirement based on gross income, additional standard deductions for age and blindness are not considered. These deductions lower taxable income but do not influence the filing threshold based on gross income.
Step-by-step explanation:
The statement that additional standard deductions (i.e., age and blindness) are taken into account when determining the filing requirement based on gross income received is false. The filing requirement is generally based on gross income thresholds that do not include additional standard deductions. However, these additional deductions do lower the taxable income, which could in turn affect the amount of tax owed after the threshold for filing has been met.
In the context of US federal taxes, the basic calculation for taxable income provided in the materials is as follows:
- taxable income = adjusted gross income - (deduction + exemption)
This demonstrates that while the standard deduction and exemption are subtracted from adjusted gross income to determine taxable income, they are not included in the initial consideration of whether one must file a tax return based on gross income alone.