The sounds like the amount of the standard deduction if you are filing Single or Married filing Separately. Your standard deduction is entered automatically when you enter your date of birth and your filing status.
Your standard deduction lowers your taxable income. The standard deduction makes some of your income “tax free.” It is not a refund. You will see your standard or itemized deduction amount on line 12 of your 2024 Form 1040.
2024 STANDARD DEDUCTION AMOUNTS
SINGLE $14,600(65 or older/legally blind + $1950)
MARRIED FILING SEPARATELY$14,600(65 or older/legally blind + $1550)
MARRIED FILING JOINTLY $29,200(65 or older/legally blind + $1550)
HEAD OF HOUSEHOLD $21,900(65 or older/legally blind + $1950)
2023 STANDARD DEDUCTION AMOUNTS
SINGLE $13,850(65 or older/legally blind + $1850)
MARRIED FILING SEPARATELY $13,850(65 or older/legally blind + $1500)
MARRIED FILING JOINTLY $27,700(65+/legally blind) )+ $1500 per spouse
HEAD OF HOUSEHOLD$20,800 (65 or older/blind)+ $1850)
**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.**