topic What is this 6k standard deduction? i dont see it being summed to my tax return in After you file

What is this 6k standard deduction? i dont see it being summed to my tax return

tiffyf210 — Thu, 06 Jun 2019 14:47:49 GMT

Your standard deduction lowers your taxable income. It i...

xmasbaby0 — Thu, 06 Jun 2019 14:47:51 GMT

Your standard deduction lowers your taxable income. It is not a refund

2017 Standard Deductions

Single $6350 (65 or older + $1550)

Married Filing Separately $6350 (65 or older + $1250)

Married Filing Jointly $12,700 (65 or older + $1250@)

Head of Household $9350 (65 or older + $1550)

Does this imply that if i make approx 30K a year and I am...

tiffyf210 — Thu, 06 Jun 2019 14:47:53 GMT

Does this imply that if i make approx 30K a year and I am single, the amount of taxable income will be 30-6= 24K approx?

If you are single and are not being claimed as anyone els...

xmasbaby0 — Thu, 06 Jun 2019 14:47:54 GMT

If you are single and are not being claimed as anyone else's dependent, you get a $4050 personal exemption and a $6350 standard deduction, which means that $10,400 of your income is not taxable.