What is the single filing status standard deduction?
$3,000 An additional $850 can be claimed if you are 65 years or older. An additional $850 can also be claimed if you are blind. If you are claimed on another person’s return, your parents, for example, the standard deduction would be $500 or the amount of your earned income up to $3,000, whichever is more. Examples of earned income include wages earned from a job or farm income reported on your Federal return. Interest and dividends are not considered earned income.
