- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
The Standard Deduction only depends on if you are claimed on someone else's return. How much was your W2 earned income?
If you are claimed as a dependent on someone else's return......
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:
…..$1,050 or
…..Your earned income for the year + $350 (but not more than 12,000)
See page 23 of Publication 501 and the worksheet on page 25
June 30, 2019
11:12 AM