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February 24, 2020
Solved

My parents claim me as a deduction but TurboTax still gives me the Standard Deduction

  • February 24, 2020
  • 1 reply
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Is this correct ?

Best answer by DawnC

Yes, that is correct.  Even dependents receive a standard deduction.  

 

Your standard deduction may be reduced if you are claimed as a dependent on another person's tax return. If you were another person's dependent during a Tax Year, your standard deduction will generally be limited to the greater of $1,100 or your earned income plus $350.

1 reply

DawnC
DawnCAnswer
Employee
February 24, 2020

Yes, that is correct.  Even dependents receive a standard deduction.  

 

Your standard deduction may be reduced if you are claimed as a dependent on another person's tax return. If you were another person's dependent during a Tax Year, your standard deduction will generally be limited to the greater of $1,100 or your earned income plus $350.

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