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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?

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rbynaker
Level 13

Is there a multiple choice on this one?

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

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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.

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TAXOH
Level 11

I'll go with $12,000 also.

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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!
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TAXOH
Level 11
:+1::+1:
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