topic Why standard deduction is only $8,980 for single filer? in Get your taxes done using TurboTax

Why standard deduction is only $8,980 for single filer?

masonparent — Tue, 10 Feb 2026 09:17:32 GMT

I am filing for my daughter who is a college student, she only has some summer intern income of $8,580.

In TT, at the end of the deduction and credit section, the summary shows

standard deduction for her in 2022 is $12,600, and for 2023 is $8,980

Why standard deduction is only $8,980 for her?

Also I would enter $3000 1099-Q from Charles Schwab for her coverdell eduction IRA for her since it has her name on it, entering these doesn't change the standard deduction which is still only $8,980 for single filer.

I see the following on TT help,

Standard Deduction Amounts for 2023

If your filing status is:

Single
Your standard deduction is $13,850.

Re: Why standard deduction is only $8,980 for single filer?

Hal_Al — Sun, 28 Jan 2024 23:39:01 GMT

The standard deduction for a dependent is not the full $13,850. It is the greater of $1250 or her earned income plus $400.

$8580 + 400 = $8980.

So, most of her unearned income (the taxable amount of the 1099-Q) gets taxed.

Re: Why standard deduction is only $8,980 for single filer?

masonparent — Sun, 28 Jan 2024 23:41:39 GMT

Thanks so much @Hal_Al

You helped last year too with my other question, very much appreciated!

Re: Why standard deduction is only $8,980 for single filer?

Hal_Al — Sun, 28 Jan 2024 23:44:28 GMT

So, do you need help if figuring out how much of the $3000 on the 1099-Q is taxable, or did we do that last year?

Re: Why standard deduction is only $8,980 for single filer?

masonparent — Mon, 29 Jan 2024 00:36:44 GMT

thanks for asking, the last year tax year 2022 question was resolved, with you help.

I do have a question to the tax year 2023 $3000,

I would enter $3000 1099-Q from Charles Schwab for her coverdell eduction IRA for her return since it has her name on it, I think this is better than if it is under my SSN, otherwise I need to enter it on my return and I dont have enough expense on my return to cover it. I may need to enter a new post so this does not deviate form the topic too much and copy you, if that is better. Thanks again!