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February 9, 2021
Question

Why is the standard deduction calculating at 7215 instead of the 12000?

  • February 9, 2021
  • 2 replies
  • 0 views
I didn't get the answer to my question.

2 replies

Employee
February 9, 2021

Are you being claimed as someone else's dependent?

 The standard deduction amount for an individual who may be claimed as a dependent by another taxpayer cannot exceed the greater of $1,100 or the sum of $350 and the individual’s earned income (not to exceed the regular standard deduction amount).

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
VolvoGirl
Employee
February 9, 2021

This is the only question you have posted under this username.  Are you a dependent?  

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 12,400)

 

So you would get a minimum of $1,100.

 

See the 1040 worksheet on page 32

https://www.irs.gov/pub/irs-pdf/i1040gi.pdf

 

Or Re you filing Married filing Separate?