Dependent Standard Deduction

[ndnac]

My grandson who is a college student is claimed by his parents as a dependent. We indicated he is claimed by someone else and that he does not provide 50% of his own support. Is he eligible for the Standard Deduction? Turbo Tax Deluxe is giving him the Standard Deduction. I need to make sure I do not inadvertently do something that negatively impacts his parent's tax filing.

[VolvoGirl · Accepted solution]

The Standard Deduction for an individual for whom an exemption can be claimed on another person's tax return is limited to the greater of:

…..$1,100 or

…..Your earned income for the year + $350 (but not more than 12,400)

So you would get a minimum of $1,100.

See the 1040 worksheet on page 32
https://www.irs.gov/pub/irs-pdf/i1040gi.pdf

[ndnac]

That explains it. The standard deduction is based on his W-2 wages which were more than $12,400. Thank you