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R
roscoe0001
April 10, 2020
Question

I have a12,200 deductible but 0.00 dollars on My Fed return i dont understand?

  • April 10, 2020
  • 1 reply
  • 0 views
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1 reply

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xmasbaby0
Employee
April 10, 2020

The $12,200 standard deduction means you do not pay tax on the first $12,200 of your 2019 income.  It is not a refund.

 

Explain Standard Deduction—What is it?

https://ttlc.intuit.com/community/credits-and-deductions/help/what-s-my-standard-deduction/00/26370

**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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