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

Forum|Forum|7 years ago
June 6, 2019
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I am filing single, and independent for the first time.

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Best answer by xmasbaby0

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.

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xmasbaby0Answer

Employee

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.

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