Yes and Yes.
Everyone gets to take a Standard Deduction amount off their income before the tax is calculated (it's a good thing - it lowers your income). Which means the first 14,600 Single (29,200 Joint) of your income is not taxed and is tax free. Unless their itemized deductions are more. Itemized deductions are personal things like Medical, Gifts to Charity, State Income Taxes Paid, Mortgage Interest, Property Taxes, Car Registration fees, etc. Not Rental or self employment expenses. Here is Schedule A
https://www.irs.gov/pub/irs-pdf/f1040sa.pdf
For 2024 the standard deduction amounts are:
Single 14,600+1,950 for 65 and over or blind
HOH 21,900 + 1,950 for 65 and over or blind
Joint 29,200 + 1,550 for each 65 and over or blind (both 32,300)
Married filing Separate 14,600 + 1,550 for 65 and over or blind
If it's giving you the Standard Deduction and not showing you Schedule A you can check the actual amount of itemized deductions by using by going to
Tax Tools on left
Tools - Topic Search (top left box)
Type in itemized deductions, choosing. It should highlight that in the list, click on GO
Then Click on "Change my deduction". That will display the actual amount of itemized deductions vs. the standard deduction. (Be sure to uncheck "Change my deduction" after checking it so you do not lock in the wrong deduction.
