Take a moment to review what you have covered in this lesson:

Deductions and exemptions are subtracted from the adjusted gross income to arrive at the taxable income.

The standard deduction can be taken on Forms 1040EZ, 1040A, or 1040.

Based on each taxpayer's situation, you determine the amount of the standard deduction using one of the following:

• Standard deduction amount for the appropriate filing status
  
  
• Standard Deduction Worksheet for Dependents (Form 1040EZ)
  
  
• Standard Deduction Chart for People Age 65 or Older or Blind (Forms 1040A and 1040)