Visit our help center
Ask your community
Ask a tax expert
Watch tax videos
Listen to tax topics
Read tax blogs
Submit a Ticket
CREDITS & DEDUCTIONS
What is Standard Deduction?
The standard deduction is a preset amount that you are allowed to deduct from your taxable income each year. The standard deduction for single taxpayer is $6,200, for married is $12,400 and for HOH it is $9,100.
Updated: 09 Feb 2015 07:08 PM
Help us to make this article better
Live session with Kiran and Nerja #itemize deduction
TIP#113 Head of household status
What are the advantages of filing Head of Household (HOH)?
What is Married Filing Separately of MFS?
What is the difference between a tax credit and a tax deduction?
Copyright © United Tax 2015. All Rights Reserved