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sbursese
New Member

I read the first 25,000 of my income is not taxable. is this true

 
2 Replies
Coleen3
Intuit Alumni

I read the first 25,000 of my income is not taxable. is this true

It depends on your filing status. Each one has a different standard deduction. This only applies to Federal tax. There are other taxes such as self-employment orHealth Care that bring taxes other than Federal.

 The standard deductions for 2018 are:

Single                             $12,000

Married Filing Jointly     $24,000

Head of Household        $18,000

For those taxpayers who are 65 and older or blind, add another $1300 for each condition.


SweetieJean
Level 15

I read the first 25,000 of my income is not taxable. is this true

State taxes may be different.
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