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

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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.

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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.

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