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March 1, 2025
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Why does my standard deduction show as $1300

  • March 1, 2025
  • 2 replies
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    Best answer by VolvoGirl

    The 2024 Standard Deduction for an individual for whom an exemption can be claimed on another person's tax return is limited to the greater of:

    …..$1,300 or

    …..Your earned income for the year + $450 but not more than 14,600))

     

    So you would get a minimum of $1,300

     

    See Table 8 Standard Deduction worksheet for Dependents on Page 26

    https://www.irs.gov/pub/irs-pdf/p501.pdf

    2 replies

    DoninGA
    Employee
    March 1, 2025

    Are you being claimed as a dependent?  If so your Standard Deduction is your taxable income if less than $14,600.

    VolvoGirl
    VolvoGirlAnswer
    Employee
    March 1, 2025

    The 2024 Standard Deduction for an individual for whom an exemption can be claimed on another person's tax return is limited to the greater of:

    …..$1,300 or

    …..Your earned income for the year + $450 but not more than 14,600))

     

    So you would get a minimum of $1,300

     

    See Table 8 Standard Deduction worksheet for Dependents on Page 26

    https://www.irs.gov/pub/irs-pdf/p501.pdf