Here is what the IRS says about the standard deduction:
The standard deduction is a specific dollar amount that reduces the amount of income on which you're taxed. Your standard deduction consists of the sum of the basic standard deduction and any additional standard deduction amounts for age and/or blindness. In general, the standard deduction is adjusted each year for inflation and varies according to your filing status, whether you're 65 or older and/or blind, and whether another taxpayer can claim you as a dependent. The standard deduction isn't available to certain taxpayers. You can't take the standard deduction if you itemize your deductions.
The standard deduction is an amount that is subtracted from your income before your income tax is calculated. The amount of the standard deduction depends on the filing status that you are using (Single, Married Filing Joint, etc.).
@bige2293
So, it is an amount that is subtracted from your income, not an amount you get back as a refund.
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