topic 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. in Get your taxes done using TurboTax

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.

townshend_cooper — Wed, 05 Jun 2019 18:50:45 GMT

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?

That's right. Everyone gets a Standard Deduction (or the...

VolvoGirl — Wed, 05 Jun 2019 18:50:47 GMT

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.

Thanks a lot!

townshend_cooper — Wed, 05 Jun 2019 18:50:48 GMT

Thanks a lot!