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Education
You have:
- Taxable scholarships of $4,000,
- W-2 for $500, and
- $150 in interest income, and
- You owe no taxes on your personal tax return?
This could be true if you are filing Single and you qualify for the $12,200 Standard Deduction.
However, if you are filing Single and as a dependent your Standard Deduction is the greater of $1,100 or your earned income plus $350, up to the $12,200.
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‎February 24, 2020
5:30 PM