The standard deduction is not your refund
It is a subtraction from income on a return. A paycheck calculator is not a filing.
Jordan Hale
Personal finance editor
The U.S. standard deduction reduces taxable income if you do not itemize. It is a line on a return, not a check the Treasury mails you.
Withholding on a paycheck is a deposit toward tax, not the tax itself. Our paycheck sketch uses a simplified federal frame and ignores state tables.
Estimates only. Not a substitute for Form 1040 or a tax professional.
Estimates and articles on DontPanic are for general information only. They are not financial, legal, or tax advice, and they are not an offer to buy or sell any product.
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