Question

Mr. and Mrs. Keppner file a joint income tax return. Assume the taxable year is 2020....

Mr. and Mrs. Keppner file a joint income tax return. Assume the taxable year is 2020.

Required:

  1. Compute their standard deduction assuming that Mr. Keppner is age 68, and Mrs. Keppner is age 60.
  2. Compute their standard deduction assuming that Mr. Keppner is age 70, and Mrs. Keppner is age 68.
  3. Compute their standard deduction assuming that Mr. Keppner is age 70, and Mrs. Keppner is age 68. Mrs. Keppner is legally blind.
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Answer #1

Additional standard deduction applicable for age over 65 and for blind.

Compute their standard deduction assuming that Mr. Keppner is age 68, and Mrs. Keppner is age 60.

Standard deduction = 26,100

Compute their standard deduction assuming that Mr. Keppner is age 70, and Mrs. Keppner is age 68.

Standard deduction = 27,400

Compute their standard deduction assuming that Mr. Keppner is age 70, and Mrs. Keppner is age 68. Mrs. Keppner is legally blind.

Standard deduction = 28,700

please rate.

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