So i'm back! completely forgot i had posted this 6 months ago. but i have some questions still.
it's about deductions.
a kid who is claimed dependent - their deduction is this, right?
"Dependents – If you can be claimed as a dependent by another taxpayer, your standard deduction for 2023 is limited to the greater of: (1) $1,250, or (2) your earned income plus $400 (but the total can't be more than the basic standard deduction for your filing status)." from irs
a kid who is not claimed as dependent has a 13500 deduction, correct?
Are scholarships above tuition counted as earned income? so so confused . . . still
