I don't understand the standard deductions

marie4 · ‎June 5, 2019

What is a standard deduction?

KatrinaB · ‎June 5, 2019

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.

https://turbotax.intuit.com/tax-tools/tax-tips/Tax-Deductions-and-Credits/What-Are-Standard-Tax-Dedu...

View solution in original post

KatrinaB · ‎June 5, 2019

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.

https://turbotax.intuit.com/tax-tools/tax-tips/Tax-Deductions-and-Credits/What-Are-Standard-Tax-Dedu...