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nwhitmal
New Member

If my taxable income is 0 how can i owe 59 in federal taxes

Return for college student with income of $7K and standard deduction of $12K

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3 Replies

If my taxable income is 0 how can i owe 59 in federal taxes

Did you have self-employment income or scholarship income?
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nwhitmal
New Member

If my taxable income is 0 how can i owe 59 in federal taxes

Scholarship, yes.
Coleen3
Intuit Alumni

If my taxable income is 0 how can i owe 59 in federal taxes

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. $1,050, or
  2. The individual's earned income for the year plus $350 (but not more than the regular standard deduction amount, generally $12,000).

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