You'll need to sign in or create an account to connect with an expert.
Are you under the age of 24 with a large amount of unearned income (like investments or unemployment compensation)? That changes your standard deduction.
This happens when you are a dependent of someone else.
Your standard deduction is equal to your earned income plus $350.
Please read this IRS document for more information.
This is it. Thanks for your quick reply.
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.
kcharlton
New Member
Gbird101
New Member
simplemark1
New Member
s-p-m2portland
New Member
swick
Returning Member