The standard deduction is a set amount of money that is subtracted from your Adjusted gross income. The amount a taxpayer can subtract is determined by his or her filing status. The five standard deductions for 2016 are: 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.
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