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

sbursese — Tue, 04 Jun 2019 21:06:59 GMT

It depends on your filing status. Each one has a differen...

Coleen3 — Tue, 04 Jun 2019 21:07:01 GMT

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.

State taxes may be different.

SweetieJean — Tue, 04 Jun 2019 21:07:02 GMT

State taxes may be different.

topic I read the first 25,000 of my income is not taxable. is this true in Retirement tax questions

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 differen...

State taxes may be different.