If the standard tax deduction is $12,550, why does it show only as $8,000 on my form?

posted

Connect with an expert

2 Replies

If the standard tax deduction is $12,550, why does it show only as $8,000 on my form?

Are you a dependent?

If the standard tax deduction is $12,550, why does it show only as $8,000 on my form?

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 + $400 (but not more than 12,950)

So you would get a minimum of $1,150 to a max of 12,950.

Or are you filing as Married filing Separately?

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post