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February 4, 2022
Question

TT is showing a single standard deduction of $12,350. It should be $12,550 for 2021?

  • February 4, 2022
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1 reply

February 4, 2022

Are you claimed as a dependent on someone else's return and have income of $12,000?  If so, the standard deduction would be the lessor of $12,550 or $350 plus your earned income.  

 

 

 

 

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