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Retirement tax questions
If you are a dependent, you have a different standard deduction than non-dependents.
Standard Deduction for Dependents
The standard deduction for an individual who can be claimed as a dependent on another person's tax return is generally limited to the greater of:
- $1,050, or
- The individual's earned income for the year plus $350 (but not more than the regular standard deduction amount, generally $12,000).
‎June 1, 2019
10:35 AM