My deduction is 12,200$ is that correct?

mindimc20 · ‎February 1, 2020

xmasbaby0 · ‎February 1, 2020

Your standard deduction lowers your taxable income. It is not a refund.

2019 Standard Deduction Amounts

Single $12,200 (+ $1650 65 or older)

Married Filing Separate $12,200 (+ $1300 if 65 or older)

Married Filing Jointly $24,400 (+ $1300 for each spouse 65 or older)

Head of Household $18,350 (+ $1650 for 65 or older)

Look on line 9 of your 2019 Form 1040 to see your itemized/standard deduction amount

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

JotikaT2 · ‎February 1, 2020

It depends.

If you are filing using the single status, then yes, your standard deduction is $12,200.

If you are filing with another status, your standard deduction will be different.

Attached is a link which shows the standard deduction based upon your filing status:

Standard deduction for 2019

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My deduction is 12,200$ is that correct?