The Standard Deduction for Dependent taxpayers

The Standard Deduction for most people is relatively straightforward, but for taxpayers who are the dependents of other taxpayers, calculating a Standard Deduction is more involved, and can depend on the nature of the dependent's income.
This video presents the rules for calculating a Standard Deduction for a dependent taxpayer, and gives examples of how it's calculated.
0:00 Introduction
0:27 Calculating a Standard Deduction for a dependent
1:30 A few examples...
3:08 "Kiddie Tax," and other implications
4:08 Conclusion
To learn more about the Standard Deduction in general, click here: • What is my Standard De...
Additional information on the "Kiddie Tax" can be found here: • What is "Kiddie Tax?"
And here: • Qualified Dividends, C...
Additional resources and information:
Instructions for IRS Form 1040: www.irs.gov/pub/irs.pdf/i1040...
IRS Publication 17: "Your Federal Income Tax": www.irs.gov/pub/irs-pdf/p17.pdf
The Tax Geek on the Site Formerly Known as Twitter: @taxgeekusa
The Tax Geek on Reddit: www.reddit.com/r/askataxgeek
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Intro Music: "Bluesy Vibes" - Doug Maxwell - CZcams Creator Music
Outro Music: "Modern Attempt" - Track Tribe under license from CZcams Creator Music
DISCLAIMER: This video is for educational and informational purposes only. It is not intended to render tax advice or financial advice for individual situations. If you have questions regarding your particular situation, please consult with a qualified tax or financial professional.

[@ElLeNoir..ELconomics]

Top of the morning coach

[@miguelcubero3440]

❤

[@EstrellaNegron]

BOI video please!

[@TheTaxGeek]

Pardon my ignorance, but what is BOI?

[@EstrellaNegron]

www.fincen.gov/boi @@TheTaxGeek

[@TheTaxGeek]

Beneficial Ownership Information....Yes, it's coming.

[@starnegron1623]

Excellent

[@EstrellaNegron]

excellent @@TheTaxGeek