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Business & farm
The Standard Deduction for Single is 12,200. It is a good thing. Everyone gets a Standard Deduction unless their Itemized deductions are more. The Standard Deduction is subtracted from your income before the tax is calculated so you get taxed on a lower amount. It means the first 12,200 of income is not taxed.
where are you seeing $1,200?
‎January 22, 2020
3:36 PM