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New Member
posted Jun 6, 2019 5:05:20 AM

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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1 Best answer
Level 15
Jun 6, 2019 5:05:22 AM

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.

1 Replies
Level 15
Jun 6, 2019 5:05:22 AM

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.