Skip to main content
Level 1
December 7, 2019
Solved

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.

  • December 7, 2019
  • 4 replies
  • 25 views

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

This topic has been closed for replies.
Best answer by rbynaker

Is there a multiple choice on this one?

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

4 replies

rbynaker
rbynakerAnswer
Level 13
December 7, 2019

Is there a multiple choice on this one?

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

TAXOH
Level 10
December 7, 2019

I'll go with $12,000 also.

IRonMaN
Level 15
December 7, 2019
I'll go with $11,999.59 --------------- I don't like to feel peer pressure and do what everybody else does.
Slava Ukraini!