Deductions & credits

Would you mind explaining this in more detail? If what you say is true (and I sure hope it is) it sure would lift a heavy load from me! But I thought the best I could hope for was paying 28 percent of the amount over the PayPal charges, etc

 

You're just saying that my standard deduction should offset $40,000 income? (I have NOT trialed anything in turbot tax so far this year)