It seems that Schedule L provides a larger tax deduction for single or HOH taxpayers than married taxpayers in regards to line 5 if just one of the taxpayers are over age 65 or blind. Does anyone know the logic of line 5 of schedule L?? Maybe my mind just isn't sharp enough this afternoon.
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The standard deduction has been that way since the beginning of time....or at least since 1987 when the standard deduction replaced the zero bracket amount.
Single and HOH get a higher standard deduction for being blind and/or age 65 or older than MFJ, MFS, and QW. Schedule L didn't change anything. Look on the front cover of TTB under 2009 Standard Deduction.
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