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Are you being claimed as someone else's dependent?
The standard deduction amount for an individual who may be claimed as a dependent by another taxpayer cannot exceed the greater of $1,250 or the sum of $400 and the individual’s earned income (not to exceed the regular standard deduction amount of $13,850).
Are you being claimed as dependent? If so, your standard deduction is your taxable income unless your income is at least $13,850.
Standard Deduction for 2023. See this link if you are not a dependent. If you are being claimed as a dependent, your Standard Deduction is lower. For example, in 2023, the Standard Deduction for dependents is whichever is greater:
Note that for option two, it can't equal more than the Standard Deduction for your filing status. So, if you are a single taxpayer under age 65, it couldn't exceed the $13,850 Standard Deduction for 2023.
Yes! That looks like what happened! Thanks so much!
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