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My parents claim me as a deduction but TurboTax still gives me the Standard Deduction
Is this correct ?
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February 24, 2020
11:12 AM
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Deductions & credits
Yes, that is correct. Even dependents receive a standard deduction.
Your standard deduction may be reduced if you are claimed as a dependent on another person's tax return. If you were another person's dependent during a Tax Year, your standard deduction will generally be limited to the greater of $1,100 or your earned income plus $350.
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February 24, 2020
11:26 AM
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