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Deductions & credits
Thank you for the information regarding Pub 501. I came up with the allowed deduction which was less than the $12K standard. The difference in tax owed for my allowed deduction and the $12K standard is approximately $800. If my parents did not claim me, do you think I could take the full $12K or would I still be subject to a lesser deduction due to the unearned income?
‎June 30, 2019
12:00 PM