For the year 2020, what is the standard deduction amount for Head of Household filers age 65 or older?

The standard deduction amount for Head of Household filers age 65 or older for the tax year 2020 is indeed $21,150. This figure is derived from the standard deduction for Head of Household status, which is $18,650, plus an additional amount for taxpayers who are 65 or older, which is $1,700. Therefore, the calculation is as follows: $18,650 + $1,700 = $21,350. This additional deduction reflects the tax code's provision to provide a larger deduction for older taxpayers, recognizing their potentially higher expenses.

Understanding the options helps to contextualize why this amount specifically applies to Head of Household filers aged 65 or older. The base amount for Head of Household status is essential, and the additional amount for age is a crucial component of calculating the total standard deduction. Therefore, the correct understanding of the tax rules regarding age and filing status is critical here.