Each person claimed on a tax
return is eligible for the $3,900 personal exemption. A very long time ago, the IRS used to allow
extra personal exemptions for being over 65 and/or blind. They no longer allow this. However, once you turn 65, if you do not
itemize your deductions, your standard deduction increases. To see the rules about the higher standard
deductions for over 65 and/or blind, you can refer to http://www.irs.gov/publications/p554/ch04.html
