Taxorly AI Tax Advisor
Answered June 4, 2026
For the 2026 tax year, the standard deduction for a single filer is $13,850. This is the amount of income that is not subject to federal income tax. If you're single and your income is below this amount, you won't owe federal income tax. However, if you have self-employment income, you may still need to file a tax return and pay self-employment tax.
To give you a better idea, let's say you're a freelancer with a net income of $40,000 from your freelance work. You would subtract the standard deduction from your income, leaving you with $26,150 in taxable income ($40,000 - $13,850). You would then pay federal income tax on this amount.
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