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a. Herb and Alice are married and file a joint return. Herb is 74 years old and Alice is 70. Neither are blind.
b. Both Herb and Alice are retired. Herb works part time as a greeter.
c. Herb earned $15,000 in wages. They also received Social Security benefits of $28,000. They received no other income in 2021.
c. Both Herb and Alice are U.S. citizens, lived in the United States all year, and have valid Social Security numbers. They do not have any qualifying children, and no one else lives with them.

Required:
What is Herb and Alice's standard deduction?

Respuesta :

Parrain

Based on their various qualities, we can calculate the standard deduction of Herb and Alice to be $27,800.

Standard deduction of Alice and Bob

  • Couples filling jointly get deduction of $25,100.
  • If taxpayer is above 65 years, they get $1,350 deduction.

Their standard deduction is therefore:

= 25,100 + ( 1,350 x 2)

= $27,800

In conclusion, their standard deduction is $27,800.

Find out more on standard deduction at https://brainly.com/question/13757943.

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