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user20110293
New Member

What is the Standard Deduction of $6,300 ? I feel like I am getting too much back and I'm nervous theres an error.

I am filing single, and independent for the first time.
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xmasbaby0
Level 15

What is the Standard Deduction of $6,300 ? I feel like I am getting too much back and I'm nervous theres an error.

Your standard deduction is a set amount that lowers the amount of income you are taxed on.  It is not a refund that you get back.  If this is your first time to file a tax return without being claimed as someone else's dependent, you get a $4050 personal exemption and your $6300 standard deduction.  That means the first $10,350 of your earnings are not being taxed.

**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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1 Reply
xmasbaby0
Level 15

What is the Standard Deduction of $6,300 ? I feel like I am getting too much back and I'm nervous theres an error.

Your standard deduction is a set amount that lowers the amount of income you are taxed on.  It is not a refund that you get back.  If this is your first time to file a tax return without being claimed as someone else's dependent, you get a $4050 personal exemption and your $6300 standard deduction.  That means the first $10,350 of your earnings are not being taxed.

**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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