@cgmartin wrote:
Turbo Tax will not let me leave either the yes or the no boxes empty. Leaving them both blank, I get the error message. So, if I leave both boxes blank, my federal liability is $2,913, and if I mark Yes, it increases my fedeeral liability to $3,658. Marking it No it stays at $2,913 liability.
For a person over age 65
OK...Marking the dependent yes-no as a YES.....that limits your Std Deduction "UP-To" $12,250 max.
(I think the 12,250 could be an ERROR....not that an adult with that much income is allowed as a dependent))
But a NO, lets you use the higher age 65 or older Std Deduction....and drops your taxable income as a result...i.e. lower taxes....and larger refund.
I just don't know if an adult dependent over age 65 is truly limited to the 12,500...most posts I see on the subject are referring to a child, not a 65+ adult.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
