ddaly
Level 1
03-25-2021
04:38 PM
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OK, let's presume that the parents provide over half of the child's support in the form of a roof over the kid's head, and the college expenses. What if the kid files a tax return and admits that he could be claimed as a dependent. Doesn't that just limit his standard deduction to $1,100 as opposed to a standard deduction of $12,400?