What is the standard deduction amount for a head of household taxpayer who is 72 years old and completely blind in 2023?

For the year 2023, taxpayers who qualify as head of household can take advantage of a standard deduction that is higher than for those filing as single or married filing separately. The base standard deduction for a head of household is $20,800. However, taxpayers who are aged 65 or older, or who are blind, receive additional deductions.

Since the taxpayer in question is 72 years old and completely blind, they qualify for both the additional deduction for age and for blindness. Each additional deduction adds $1,850 for the head of household filing status. Therefore, the calculation for the standard deduction becomes:

• Base standard deduction for head of household: $20,800

• Additional amount for being 65 or older: $1,850

• Additional amount for being blind: $1,850

Adding these amounts together results in a standard deduction of:

$20,800 + $1,850 + $1,850 = $24,500

Consequently, the correct answer is $24,500. This reflects the taxpayer's eligibility for both additional deductions due to their age and blindness, making it significantly higher than the base amount.