Question

Which of the following is a true statement?

A. The standard deduction is increased for taxpayers who are blind or deaf at year-end.

B. A married couple is only entitled to one addition to their standard deduction even if both spouses are both over age 65.

C. Bunching itemized deductions is an illegal method of tax avoidance.

D. Before any applicable phase-out, the deduction for personal and dependency exemptions is $4,000 times the number of exemptions.

E. All of these are true.

Answer 1

The standard deduction is increased for taxpayers who are blind or deaf at year-end.

Step-by-step explanation:

The true statement among the given options is A. The standard deduction is increased for taxpayers who are blind or deaf at year-end. This means that taxpayers who are blind or deaf may qualify for a higher standard deduction when calculating their taxable income. For example, in the year 2020, the standard deduction for a single taxpayer without any additional qualifications is $12,400, while for a blind or deaf taxpayer, it is increased to $13,650.