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Education
Q. My question was whether the "kiddie-tax" deduction of $2200 also applies in addition to the $12,550 standard deduction or not?
A. Simple answer: No. The actual answer is: it doesn't work that way, (taxes aren't simple). TurboTax (TT) is doing it right because the calculations are done on the actual IRS form 8615. To verify that "TT is doing it right" follow the form.
‎April 14, 2022
2:36 PM