Dependents and Standard Deduction
Dependents and Standard Deduction Both Reduce Tax Liability for individuals and mostly all taxpayers are eligible for unless your someone else’s dependent.
gross income.
For households and individuals, gross income is the sum of all wages, salaries, profits, interest payments, rents, and other forms of earnings, before any deductions or taxes. It is opposed to net income, defined as the gross income minus taxes and other deductions.