eBook Calculator Print Item Problem 1-25 The Standard Deduction (LO 1.7) Mark each statement below as either "True" or "False" regarding the standard deduction and itemized deductions. a. The standard deduction is an amount that varies with filing status. b. A taxpayer should claim the smaller of the standard deduction or the total allowed itemized deductions. c. Total itemized deductions depend on the amount and type of items, with some items having limitations based on AGI. d. Taxpayers who are 65 years of age or older or blind are entitled to an additional itemized deduction amount