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

 
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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.

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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.
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