Support CenterWhat is the standard deduction for some who can be claimed as a dependent? - What is the standard deduction for some who can be claimed as a dependent?
IRS Publication 501
Dependents, Standard Deduction, and Filing Information For use in preparing Returns
The standard deduction for an individual who can be claimed as a dependent on another person's tax return is generally limited to the greater of:
1. $1,150, or
2. The individual's earned income for the year plus $400 (but not more than the regular standard deduction amount, generally $12,950).
However, if the individual is 65 or older or blind, the standard deduction may be higher.
Earned income is salaries, wages, tips, professional fees, and other amounts received as pay for work you perform.
Breakdown as follows: On this return
1. $1,150 or the greater of item #2 below so the calculation will be based on item #2 earned income plus $400
2. Standard deduction on this return is - Earned income $20964 plus $400 = $21364
3. But due to limitation and this person ( but not more than the regular standard deduction amount, generally $12,950) Or (if the individual is 65 or older or blind, the standard deduction may be higher) This person is over age 65 so they will get the higher standard deduction.
4. The standard deduction on this return is $14700.
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