You'll need to sign in or create an account to connect with an expert.
"Covered?" The standard deduction reduces the amount of your income that you pay tax on.
Explain Standard Deduction—What is it?
https://ttlc.intuit.com/community/credits-and-deductions/help/what-s-my-standard-deduction/00/26370
The standard deduction is a specific dollar amount that reduces your taxable income.
The Standard Deduction is based on your filing status and age. It is used for all taxpayers who do not use or do not have more itemized deductions then the standard deduction.
The total of all your itemized deductions on Schedule A must be greater than the standard deduction for your filing status to have any tax benefit.
Standard deductions for 2021
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
jl_brooks
Level 2
Khoa152
New Member
Eddie 3
New Member
VAer
Level 4
dpcunn-gmail-com
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.