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Education
@davefeltz - everyone gets a 'standard deduction' option.
As long as your child checked the 'I can be claimed by someone else' button, the standard deduction is calculated differently that it is for you, but there is still a 'standard deduction' never-the-less.
HOWEVER, if the student's income is high enough (exceeds $12950 for 2022) that standard deduction is the same as it would be for anyone else filing Single.
‎June 26, 2023
11:52 AM