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Deductions & credits
@VolvoGirl wrote:
He only owes tax for the income over the Standard Deduction. For 2025 the Standard Deduction is $15,000. So anything under that is not taxed.
Unless kiddie tax on investments.
But regardless, the W-4 is self-adjusting, and claiming legally "exempt" is not recommended in case his income is higher than expected and you forget to change it later.
May 28, 2025
3:36 PM
5,583 Views