topic In Texas Do we receive a deduction for sales taxes in addition to the standard deduction? What is the standard deduction for 65 and over? in Deductions & credits

In Texas Do we receive a deduction for sales taxes in addition to the standard deduction? What is the standard deduction for 65 and over?

aaulenbach — Tue, 04 Jun 2019 20:18:55 GMT

No, you still need to pick one way (Itemized Deductions S...

KrisD — Tue, 04 Jun 2019 20:18:56 GMT

No, you still need to pick one way (Itemized Deductions Schedule A) or the other (Standard Deduction).

The Standard Deduction for tax year 2016 is:

Single is $6,300 and Married Filing Jointly is $12,600.

The exemption amount for 2016 is $4,050 and $1,250 is added if over 65 or blind.

Please see the answer below for a more accurate response:

2016 Standard Deductions Single $6300 (65 or older +...

xmasbaby0 — Tue, 04 Jun 2019 20:19:00 GMT

2016 Standard Deductions

Single $6300 (65 or older + $1550)

Married Filing Separately $6300 (65 or older + $1250)

Married Filing Jointly $12,600 (65 or older + $1250@)

Head of Household $9300 (65 or older + $1550)

Note: Sales tax is an itemized deduction. You need enough itemized deductions to exceed your standard deduction in order for your tax due or refund to be affected.