Jason and Peg are married and file a joint return. Both are over 65 years of age and Jason is blind. Their standard deduction for 2019 is $28,300 ($24,400 $1,300 $1,300 $1,300). True False Jason and Peg are married and file a joint return. Both are over 65 years of age and Jason is blind. Their standard deduction for 2019 is $28,300 ($24,400 $1,300 $1,300 $1,300). True False Jason and Peg are married and file a joint return. Both are over 65 years of age and Jason is blind. Their standard deduction for 2019 is $28,300 ($24,400 $1,300 $1,300 $1,300). True Falsev

Question

Shea Monroe

Business

14 December, 19:42

Jason and Peg are married and file a joint return. Both are over 65 years of age and Jason is blind. Their standard deduction for 2019 is $28,300 ($24,400 $1,300 $1,300 $1,300). True False Jason and Peg are married and file a joint return. Both are over 65 years of age and Jason is blind. Their standard deduction for 2019 is $28,300 ($24,400 $1,300 $1,300 $1,300). True False Jason and Peg are married and file a joint return. Both are over 65 years of age and Jason is blind. Their standard deduction for 2019 is $28,300 ($24,400 $1,300 $1,300 $1,300). True Falsev

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Answers (1)

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Cheyanne Kaiser · Answer 1

True

Explanation:

As we know that

The standard deduction reduced the taxable income of a person, company or a firm

For the year 2019

In case of an individual the standard deduction is allowed for $12,200

In case of a married and filed joint return, the standard deduction is allowed for $28,300

And, for heads of households, the standard deduction is allowed for $18,350

So as per the given case, Jason and Peg are married and file a joint return. and the Jason and peg are above 65 years of age and the Jason is blind

Their standard for 2019 is $28,300 ($24,400 $1,300 $1,300 $1,300) respectively

Therefore, in this case, the given statement is true