What is the standard deduction for a single filer in 2011?

The standard deduction for a single filer in 2011 is indeed $5,800. The standard deduction is a specific dollar amount that reduces the income you are taxed on, and it varies by filing status and tax year. For the year 2011, the amount set for single filers was established by the IRS and is part of the annual adjustments made to reflect changes in the economy, taxation needs, and other factors.

This $5,800 standard deduction means that if a single filer had a gross income of, for example, $30,000, their taxable income would be reduced to $24,200 after applying the standard deduction. Understanding the standard deduction is crucial because it directly influences tax calculations, allowing taxpayers to reduce their overall tax burden while simplifying the filing process.