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czar0225
New Member

Should a student claimed by her parents get the $12,200 standard deduction?

 
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Accepted Solutions
DanaB27
Expert Alumni

Should a student claimed by her parents get the $12,200 standard deduction?

It depends if you can be claimed as a dependent by another taxpayer, your standard deduction for 2019 is limited to the greater of:

  •  $1,100, or
  •  your earned income plus $350 (but the total can't be more than the basic standard deduction for your filing status).

 

Therefore, if the student had enough income then he/she can have a standard deduction of $12,200.

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1 Reply
DanaB27
Expert Alumni

Should a student claimed by her parents get the $12,200 standard deduction?

It depends if you can be claimed as a dependent by another taxpayer, your standard deduction for 2019 is limited to the greater of:

  •  $1,100, or
  •  your earned income plus $350 (but the total can't be more than the basic standard deduction for your filing status).

 

Therefore, if the student had enough income then he/she can have a standard deduction of $12,200.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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