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Deductions & credits
But your Standard Deduction might be limited.
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:
…..$1,250 or
…..Your earned income for the year + $400 (but not more than 13,850))
So you would get a minimum of $1,250.
See Table 8 Standard Deduction worksheet for Dependents on Page 26
https://www.irs.gov/pub/irs-pdf/p501.pdf
Or the 1040 worksheet on page 34
https://www.irs.gov/pub/irs-pdf/i1040gi.pdf
April 6, 2024
4:24 PM