Answer:
just an explanation so all in steps
Explanation:
The standard deduction amount for taxpayers over 65 years old in 2016 varied depending on their filing status. Here are the standard deduction amounts for 2016:
For Single filers (and Married Filing Separately):
Under 65 years old: $6,300
Over 65 years old: $7,850
For Married Filing Jointly:
Both spouses under 65 years old: $12,600
One spouse over 65 years old: $13,850
Both spouses over 65 years old: $15,100
For Head of Household:
Under 65 years old: $9,300
Over 65 years old: $10,850
These figures are for the standard deduction only and do not include any additional deductions or credits that may apply. It's important to note that tax laws may change, so it's always recommended to consult the official IRS resources or a tax professional for the most up-to-date and accurate information.