- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I'm not sure that the deduction I was awarded is correct. It is much more than the amount of income I made in 2016.
I am a single student. I made around $3,000 last summer, and I've been given a deduction of around $6,500. This seems like too much. Am I doing something wrong?
Topics:
June 5, 2019
11:50 AM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
That's right. Everyone gets a Standard Deduction (or their Itemized Deductions whichever is more). For Single the Standard Deduction is $6,300.
Are you filing independent from your parents? If you are under 24 your parents can probably still claim you. Better check with them.
Are you filing independent from your parents? If you are under 24 your parents can probably still claim you. Better check with them.
June 5, 2019
11:50 AM