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bcy1177
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It says my standard deduction is 6300 but my federal refund is 2278. why?

 
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It says my standard deduction is 6300 but my federal refund is 2278. why?

Your standard deduction lowers the amount of your income that you are taxed on.  It is not a refund.  If you are filing single, you get a personal exemption of $4000 and a standard deduction of $6300.  That means the first $10,300 of your income is "tax free."  You are taxed on the amount over that, and if your withholdings exceed the tax you owe, you get a refund of the difference.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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3 Replies

It says my standard deduction is 6300 but my federal refund is 2278. why?

Your standard deduction lowers the amount of your income that you are taxed on.  It is not a refund.  If you are filing single, you get a personal exemption of $4000 and a standard deduction of $6300.  That means the first $10,300 of your income is "tax free."  You are taxed on the amount over that, and if your withholdings exceed the tax you owe, you get a refund of the difference.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

It says my standard deduction is 6300 but my federal refund is 2278. why?

A deduction isn't the same as a refund. The deduction is an amount of money subtracted from your income so you pay less taxes on what is less. Say you have a 20,000 income and a 6,000 deduction, you pay taxes on 14,000 income. It simply adjusts your income down so you pay less taxes. A credit is different. 

It says my standard deduction is 6300 but my federal refund is 2278. why?

Deduction = subtraction from income,  before the tax rate is applied

Credit = direct subtraction from tax liability

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