Head of household Holden earned $115,500 in wages last year and had a Form 1099 reporting $3,100 in interest from his bank account(s). Howard made a pre-tax contribution to his retirement account, paid $21,000, $3,000 in student loan interest(pre-tax), and $2,000 in medical bills. The standard deduction for this filer is $23,675. The tax credit given to Holden was a $4,000 child tax credit.