Ok so I know I just asked a question just a few moments ago asking if I should Itemize or standardize...and everyone says standardize. In the tax world what does "deduction" mean anyways?? Is that how much I would get back or how much the IRS gets from me?? because my standard is 5150 and my itemized is 28. So if I went with standard, I'd only get 28 bucks back?? Reason why I ask is because the 5150 is more than I've made all year, its way more than my income of 2000.
How I make that little is I work a job thats 5.15 an hour, have no car, no house payements since I live with my mom and am attending college. (Nope can't claim college expenses since its all through finacial aid.)
2007-02-18
00:08:53
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7 answers
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asked by
misscountrylover777
2
in
United States