1992526
Can I claim the standard deduction if my parents claim me as a dependent?
You'll need to sign in or create an account to connect with an expert.
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).
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.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
trjpkhouse
Returning Member
jocelyn-limmer
New Member
npietri99
New Member
alegmz
New Member
candeaves
New Member