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shun2018
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I'm coming up with $6,350 in deductions when i made 2,104 in 2017. how did I get this number?

 
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I'm coming up with $6,350 in deductions when i made 2,104 in 2017. how did I get this number?

$6,350 is the standard deduction for single taxpayers - everyone gets that.  It reduces your taxable amount so your pay less tax.  With only $2,104 income, your taxable amount would be zero.

For 2017 the standard deductions are:

Single or filing Married Filing Separately - $6,350
Married Filing Jointly or Qualifying Widow(er) - $12,700
Head of Household - $9,350

(If over 65 or blind add $1,250 - $1,550 if filing single or HOH)

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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I'm coming up with $6,350 in deductions when i made 2,104 in 2017. how did I get this number?

$6,350 is the standard deduction for single taxpayers - everyone gets that.  It reduces your taxable amount so your pay less tax.  With only $2,104 income, your taxable amount would be zero.

For 2017 the standard deductions are:

Single or filing Married Filing Separately - $6,350
Married Filing Jointly or Qualifying Widow(er) - $12,700
Head of Household - $9,350

(If over 65 or blind add $1,250 - $1,550 if filing single or HOH)

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
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