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Retirement tax questions
Yes you can add dependents on the 1040-SR and into all versions of Turbo Tax. Are you asking about the Standard Deduction? No a dependent doesn't increase the Standard Deduction. The Standard Deduction just goes by your filing status like Single or Married, not how many people are on your tax return. Many years ago you did get exemptions for each person. But that was eliminated when they doubled the Standard Deduction.
‎April 14, 2024
1:04 PM