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The Standard Deduction which is shown on your federal tax return, Form 1040 Line 12, is based on your filing status. It is the amount of your income that is excluded from taxation.
Standard deductions for 2023
Where? Do you have zero on 1040 line 12? Or is your refund zero? What is your filing status? If you are Married filing Separate and your spouse is itemizing you have to itemize too, even if you don’t have any deductions. So line 12 could bd zero.
Your standard deduction lowers your taxable income. The standard deduction makes some of your income “tax free.” It is not a refund. You will see your standard or itemized deduction amount on line 12 of your 2023 Form 1040.
2023 STANDARD DEDUCTION AMOUNTS
SINGLE $13,850 (65 or older/legally blind + $1850)
MARRIED FILING SEPARATELY $13,850 (65 or older/legally blind + $1500)
MARRIED FILING JOINTLY $27,700 (65+/legally blind) ) + $1500 per spouse
HEAD OF HOUSEHOLD $20,800 (65 or older/blind) + $1850)
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