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Yes. Your dependency and type of deduction are separate issues and independent of each other. If you can be claimed as a dependent be sure on your return that you check the box saying that someone else can claim you.
Yes. Your dependency and type of deduction are separate issues and are independent of each other. If you can be claimed as a dependent be sure on your return that you check the box saying that someone else can claim you.
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:
…..$1,150 or
…..Your earned income for the year + $409 (but not more than 12,950))
So you would get a minimum of $1,150.
See Table 8 Standard Deduction worksheet for Dependents on Page 26
https://www.irs.gov/pub/irs-pdf/p501.pdf
Or the 1040 worksheet on page 34
yes you can take the standard deduction for 2022 which generally is $400 plus your earned income but not less than $1150 or more than $12950 -filing status single) . you can itemized if that will produce a larger deduction.
Earned income includes wages, salaries, tips, professional fees, and other compensation received for personal services you performed. It also includes any taxable scholarship or fellowship grant. Generally, your earned income is the total of the amount(s) you reported on Form 1040 line 1z, and Schedule 1, lines 3, 6, 8r, 8t, and 8u minus the amount, if any, on Schedule 1, line 15.
Q. I'm a college student working part-time. If my parents are claiming me as a dependent on their tax return, can I still take the standard deduction on my tax return?
A. Simple answer: yes. As others have said, a dependent gets the standard deduction, but it's not automatically the full $12,950.
If your only income is from working and/or taxable scholarship (earned income}, your standard deduction will be large enough (up to $12,950), that it may reduce your taxable income to zero. In that case, you are not even required to file a tax return, but are allowed to if you need to get your withholding refunded. You cannot get back social security or Medicare tax withholding, only state and federal income tax (boxes 2 and 17 of your W-2).
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