135516
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Why does the page of standard deductions means when it tells me that the deduction of $6300 will save me the most money? Does it mean I owe those $6300?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

Why does the page of standard deductions means when it tells me that the deduction of $6300 will save me the most money? Does it mean I owe those $6300?

No, you do not owe that amount. The $6,300 standard deduction reduces your taxes by reducing your taxable income. It is a good thing and it saves you tax money.

View solution in original post

1 Reply

Why does the page of standard deductions means when it tells me that the deduction of $6300 will save me the most money? Does it mean I owe those $6300?

No, you do not owe that amount. The $6,300 standard deduction reduces your taxes by reducing your taxable income. It is a good thing and it saves you tax money.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question