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mobern
Level 1

My parents claim me as a deduction but TurboTax still gives me the Standard Deduction

Is this correct ?

1 Best answer

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DawnC
Expert Alumni

My parents claim me as a deduction but TurboTax still gives me the Standard Deduction

Yes, that is correct.  Even dependents receive a standard deduction.  

 

Your standard deduction may be reduced if you are claimed as a dependent on another person's tax return. If you were another person's dependent during a Tax Year, your standard deduction will generally be limited to the greater of $1,100 or your earned income plus $350.

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1 Reply
DawnC
Expert Alumni

My parents claim me as a deduction but TurboTax still gives me the Standard Deduction

Yes, that is correct.  Even dependents receive a standard deduction.  

 

Your standard deduction may be reduced if you are claimed as a dependent on another person's tax return. If you were another person's dependent during a Tax Year, your standard deduction will generally be limited to the greater of $1,100 or your earned income plus $350.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

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