Get your taxes done using TurboTax

Your standard deduction lowers the amount of your income that you are taxed on.  It is not a refund.  If you are filing single, you get a personal exemption of $4000 and a standard deduction of $6300.  That means the first $10,300 of your income is "tax free."  You are taxed on the amount over that, and if your withholdings exceed the tax you owe, you get a refund of the difference.

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