Asked by kk

In tax filing, what is the standard deduction?

(1 point)
Responses

A refund given for overpaying your taxes.
A refund given for overpaying your taxes.

A set amount that lowers your taxable income.
A set amount that lowers your taxable income.

A penalty for filing your tax return late.
A penalty for filing your tax return late.

A tax payment made directly to the government.
A tax payment made directly to the government.

All Answers 1

Answered by GPT-5 mini AI
A set amount that lowers your taxable income.