https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-don-t-understand-the-standard-deductions/01/604302#M79140 What is a standard deduction? Thu, 06 Jun 2019 05:46:49 GMT marie4 2019-06-06T05:46:49Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-don-t-understand-the-standard-deductions/01/604302#M79140 What is a standard deduction? Thu, 06 Jun 2019 05:46:49 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-don-t-understand-the-standard-deductions/01/604302#M79140 marie4 2019-06-06T05:46:49Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/the-standard-deduction-is-a-set-amount-of-money-that-is-s/01/604312#M79141 <P>The standard deduction is a <B>set amount of money </B>that is subtracted from your<B> Adjusted gross income. </B>The amount a taxpayer can subtract is determined by his or her&nbsp;filing status. The five standard deductions for 2016 are:&nbsp;single($6,300), head of household($9,300), married filing separately($6,300), married filling jointly($12,600), and Qualifying Widower($12,600). Please view the Turbo Tax FAQ below for more information about the standard deduction.</P><P> <A href="https://turbotax.intuit.com/tax-tools/tax-tips/Tax-Deductions-and-Credits/What-Are-Standard-Tax-Deductions-/INF14448.html" target="_blank">https://turbotax.intuit.com/tax-tools/tax-tips/Tax-Deductions-and-Credits/What-Are-Standard-Tax-Dedu...</A> <BR /> </P> Thu, 06 Jun 2019 05:46:51 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/the-standard-deduction-is-a-set-amount-of-money-that-is-s/01/604312#M79141 KatrinaB 2019-06-06T05:46:51Z