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As a single dependent on someone else's return what should be my standard deduction?
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June 7, 2019
5:05 PM
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If you can be claimed as a dependent by another taxpayer, your standard deduction for 2019 is limited to the greater of: (1) $1,050, or (2) your earned income plus $350 up to a maximum of the regular standard deduction (for single $12,200).
[Edited 3/13/2020 | 2:54 PST]
June 7, 2019
5:05 PM
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For purposes of calculating the standard deduction, taxable scholarship income is considered earned income, if properly reported on line 1 of form 1040
June 7, 2019
5:05 PM