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Deductions & credits
Sorry, I left out a very important word in my last comment. I meant to say the unearned income would NOT increase the Standard Deduction like a taxable scholarship would.
The software is doing it correctly.
The $1381 is unearned income. So the Standard Deduction consists of $1631 of earned income, plus $350 (for unearned income). The total Standard Deduction should be $1981.
The software is doing it correctly.
The $1381 is unearned income. So the Standard Deduction consists of $1631 of earned income, plus $350 (for unearned income). The total Standard Deduction should be $1981.
‎June 4, 2019
1:27 PM