Question

Jason and Peg are married and file a joint return. Both are over 65 years of age and Jason is blind. Their standard deduction for 2019 is $28,300 ($24,400 + $1,300 + $1,300 + $1,300).

Group of answer choices

True

False

Answer 1

The statement is true; Jason and Peg, a married couple both over 65 and with Jason being blind, are entitled to a standard deduction of $28,300 on their 2019 joint tax return. The correct option is 1.

Step-by-step explanation:

The question pertains to the calculation of the standard deduction for a married couple, both over 65, with one spouse being blind, when they file a joint tax return for the year 2019. According to the tax laws for that year, the standard deduction for a married couple filing jointly would start at $24,400.

An additional standard deduction of $1,300 is available for each taxpayer over the age of 65. Since both Jason and Peg are over that age, they would be eligible for an additional $1,300 each, raising their standard deduction by $2,600.

Furthermore, an additional standard deduction of $1,300 is granted for blindness. This makes Jason entitled to one more add-on of $1,300 due to his blindness. When these amounts are summed up, the total standard deduction for Jason and Peg would be $28,300 ($24,400 + $1,300 + $1,300 + $1,300). The correct option is 1.