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April 12, 2020
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Should a student claimed by her parents get the $12,200 standard deduction?

  • April 12, 2020
  • 1 reply
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Best answer by DanaB27

It depends if you can be claimed as a dependent by another taxpayer, your standard deduction for 2019 is limited to the greater of:

  •  $1,100, or
  •  your earned income plus $350 (but the total can't be more than the basic standard deduction for your filing status).

 

Therefore, if the student had enough income then he/she can have a standard deduction of $12,200.

1 reply

DanaB27Answer
April 12, 2020

It depends if you can be claimed as a dependent by another taxpayer, your standard deduction for 2019 is limited to the greater of:

  •  $1,100, or
  •  your earned income plus $350 (but the total can't be more than the basic standard deduction for your filing status).

 

Therefore, if the student had enough income then he/she can have a standard deduction of $12,200.

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