Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Is the standard deduction phased out if the income is above acertain threshold?

gthfs
Level 1
in 2018 single taxpayer has a $300,000 capital gain.  He also has social security income of $27,000.
0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

1 Best Answer

Accepted Solutions
itonewbie
Level 15

No, there is no phase out for standard deduction.

---------------------------------------------------------------------------------
Still an AllStar

View solution in original post

0 Cheers
1 Comment 1
itonewbie
Level 15

No, there is no phase out for standard deduction.

---------------------------------------------------------------------------------
Still an AllStar
0 Cheers