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standard deduction

Can I claim the standard deduction if my parents claim me as a dependent?

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2 Replies

standard deduction

The software uses your standard deduction automatically.  You do not have to "claim" it.

 

 The standard deduction amount for an individual who may be claimed as a dependent by another taxpayer cannot exceed the greater of $1,100 or the sum of $350 and the individual’s earned income (not to exceed the regular standard deduction amount).

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
Hal_Al
Level 15

standard deduction

Simple answer: No.

A dependent does not automatically get the full $12,400 standard deduction.  A dependent's standard deduction is $1100 or his earned income + $350 (but not more than $12,400).  For the purposes of that calculation, any taxable scholarship is treated as earned income. Unemployment compensation is not earned income.

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