Skip to main content
March 14, 2022
Question

Why does TurboTax show my Standard Deduction as $11,240 when single is supposed to be $12,550?

  • March 14, 2022
  • 2 replies
  • 0 views
No text available

2 replies

Employee
March 14, 2022

Can someone claim you as a dependent?  Did you earn less than the standard deduction?

VolvoGirl
Employee
March 14, 2022

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

…..$1,100 or

…..Your earned income for the year + $350 (but not more than 12,550)

 

So you would get a minimum of $1,100 to a max of 12,550.