Does the Standard Deduction lower my earned income tax or Capital Gains Tax
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Does the Standard Deduction lower my earned income tax or Capital Gains Tax

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The standard deduction reduces your overall taxable income, not a specific type of income. It doesn't specifically lower your earned income tax or capital gains tax.

When you calculate your taxable income, you add together all your sources of income to get your total income. Then you subtract the standard deduction from your total income. The result is your taxable income, which is the amount of income that you will pay taxes on.

The tax rates applied to each type of income may vary. For example, earned income is typically taxed at ordinary income tax rates, while long-term capital gains have their own tax rates. However, the standard deduction itself does not differentiate between types of income. It simply reduces the total amount of income that is subject to tax.
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