in [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill
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Why standard deduction is only $8,980 for single filer?
sorry I put the post in the general discussion, I think it is better to be here. So add the link. Not sure how to change it from 'Get your taxes done' to 'Deductions & credits'.
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The standard deduction for a dependent is not the full $13,850. It is the greater of $1250 or her earned income plus $400.
It sounds like you had $8580 of earned income ($8580 + 400 = $8980).
The standard deduction for a dependent is not the full $13,850. It is the greater of $1250 or her earned income plus $400.
It sounds like you had $8580 of earned income ($8580 + 400 = $8980).
Thanks so much @Hal_Al
You helped last year too with my other question, very much appreciated!
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