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    • Created with Sketch. See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
    Created with Sketch. See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
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    DEPENDENTS STANDARD DEDUCTION .Federal 1040 shows 12,000 for dependent . Shouldn't it be 1050?

    jwalsh92
    Level 1
    ‎12-06-2019 11:21 PM
     
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    TAXOH
    Level 11
    ‎12-06-2019 11:21 PM

    If they have more than $12,000 in earned income that would be correct. 

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    2 Comments 2
    Just-Lisa-Now-
    Level 15
    Level 15
    ‎12-06-2019 11:21 PM
    What kind of income does the dependent have?  earned income or unearned income?

    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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    TAXOH
    Level 11
    ‎12-06-2019 11:21 PM

    If they have more than $12,000 in earned income that would be correct. 

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