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.
Under United States tax law, the standard deduction is a dollar amount that non-itemizers may subtract from their income before income tax is applied. Taxpayers may choose either itemized deductions or the standard deduction, but usually choose whichever results in the lesser amount of tax payable
Dependents and Standard Deduction Both Reduce Tax Liability for individuals and mostly all taxpayers are eligible for unless your someone else’s dependent.