Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
hbucker
New Member

Dependent's income: how does it affect my return if they file?

 
1 Best answer

Accepted Solutions
Fern
New Member

Dependent's income: how does it affect my return if they file?

Your dependent's income will not affect your tax return. They need to indicate on their tax return that someone can claim them as a dependent. The personal exemption will then stay with you. Your dependent is still able to take the standard deduction amount.

View solution in original post

1 Reply
Fern
New Member

Dependent's income: how does it affect my return if they file?

Your dependent's income will not affect your tax return. They need to indicate on their tax return that someone can claim them as a dependent. The personal exemption will then stay with you. Your dependent is still able to take the standard deduction amount.
Dynamic AdsDynamic Ads
Privacy Settings
v