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How much is it? Maybe it's the Standard Deduction.
For 2022 the standard deduction amounts are:
Single 12,950 + 1,750 for 65 and over or blind (14,700)
HOH 19,400 + 1,750 for 65 and over or blind (21,150)
Joint 25,900 + 1,400 for each 65 and over or blind (27,300/28,700)
Married filing Separate 12,950 + 1,400 for 65 and over or blind (14,350)
If you are a dependent your Standard Deduction might be less.
Thanks.
Yes, is a dependant.
The amount is $1,150.
I am not finding much on the std deduction for dependants.
The Standard Deduction for an individual for whom an exemption can be claimed on another person's tax return is limited to the greater of:
…..$1,150 or
…..Your earned income for the year + $400 (but not more than 12,950)
So you would get a minimum of $1,150 to a max of 12,950.
See Table 8 Standard Deduction worksheet for Dependents on page 26
https://www.irs.gov/pub/irs-pdf/p501.pdf
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