Standard Deduction Law and Legal Definition

Pursuant to 26 USCS § 63 (c) [Title 26. Internal Revenue Code; Subtitle A. Income Taxes; Chapter 1. Normal Taxes and Surtaxes; Subchapter B. Computation of Taxable Income; Part I. Definition of Gross Income, Adjusted Gross Income, Taxable Income, Etc.],

“ (1) In general. Except as otherwise provided in this subsection, the term "standard deduction" means the sum of--

(A) the basic standard deduction,

(B) the additional standard deduction,

(C) in the case of any taxable year beginning in 2008 or 2009, the real property tax deduction,

(D) the disaster loss deduction, and

(E) the motor vehicle sales tax deduction.”