Question

# compute the 2019 standard deduction. Shonda is age 68 and single. She is claimed by her...

compute the 2019 standard deduction.

Shonda is age 68 and single. She is claimed by her daughter as a dependent. Her earned income is \$150, and her interest income is \$425.

Ans:As per federal income tax Act, taxpayers who are dependent on another can claim maximum Standard deduction of higher of i. \$1,100 or

ii. \$350 +Earned Income of the taxpayers.

but that amount can not exceed the regular standard deduction amount of taxpayers.

=>\$350 + \$150 + \$425 = \$925

The standard deduction amount is \$1,100.

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