The standard deduction for an individual who can be claimed as a dependent on another person's tax return is generally limited to the greater of:
- $950, or
- The individual's earned income for the year plus $300 (but not more than the regular standard deduction amount, generally $5,950).
However, if the individual is 65 or older or blind, the standard deduction may be higher.
MOORE'S SERVICE, LLC
2160 Green Springs Hwy, S. Suite E.
Brimingham, AL 35205
&
708 8TH Ave. N. (Rev. Abraham Woods Blvd.)
Phone: (205) 324-8753
Email: mooresservices1@gmail.com
Website: www.mooresservicesonline.com
Blog: www.mooresservices.blogspot.com
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