@kellyinau wrote:
I am curious about this also. Our son is a full time college student, but had earned income of $15,000 in 2020. We are claiming him on our taxes as a dependent. When preparing his tax return, I checked that he can be claimed as dependent on someone else's return I said yes. However, it is applying the standard deduction of $12,400 and I don't this is correct? Thoughts????
The standard deduction for him would be $12,400 with earned income of $15,000 in 2020.
See IRS Publication 501, table 8 on page 25 Standard Deduction Worksheet for Dependents - https://www.irs.gov/pub/irs-pdf/p501.pdf#page=25
