Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Child has earned Income of $ 12,500 who is full time student age 23 years. Parents will claim as dependent. What will be standard deduction for child.

larryassociates
Level 1

What is Standard deduction for child who has earned Income of $ 12,500 but is dependent on Parents' tax return?

0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

1 Solution

Accepted Solutions
rbynaker
Level 13

Is there a multiple choice on this one?

I'll take "(c) $12,000".  Unless maybe the child is blind.

View solution in original post

0 Cheers
4 Comments 4
rbynaker
Level 13

Is there a multiple choice on this one?

I'll take "(c) $12,000".  Unless maybe the child is blind.

0 Cheers
TAXOH
Level 11

I'll go with $12,000 also.

0 Cheers
IRonMaN
Level 15
I'll go with $11,999.59 --------------- I don't like to feel peer pressure and do what everybody else does.

Slava Ukraini!
0 Cheers
TAXOH
Level 11
:+1::+1:
0 Cheers