X is an unmarried dependent child who works part-time. During 2018, he earns $4,800 and has...
X is an unmarried dependent child who works part-time. During 2018, he earns $4,800 and has no other income. Must he file a return?
Answer: No. He had earned income only, and his gross income is less than his standard deduction of $6,500. However, if income taxes were withheld from his earnings, he'd want to file a return to get a refund of any income taxes withheld.
Please explain where they got the number.
Homework Answers
Actually the amount of standard deduction should be $12000. It has been defined by the Internal revenue service (IRS) that the standard deduction for single filing status is $12000 in 2018. so, instead of $6500, it has to be $12000 and it is officially defined by the IRS
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