JamesG1
Expert Alumni

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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