- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
Simple answer: No.
A dependent does not automatically get the full $12,400 standard deduction. A dependent's standard deduction is $1100 or his earned income + $350 (but not more than $12,400). For the purposes of that calculation, any taxable scholarship is treated as earned income. Unemployment compensation is not earned income.
‎February 26, 2021
6:23 AM