STANDARD DEDUCTION OF A DEPENDENT:EXAMPLE 2
01.Core Concepts
• Khandi is 17 years old and can be claimed as a dependent by her parents. • She earned $18,000 in wages during 2026. • Her basic standard deduction for 2026 is $16,100 (the regular basic standard deduction for the single filing status). • Her taxable income for 2026 is $1,900. 2026 $18,000 Wages ($16,100) Less Standard Deduction $1,900 Taxable Income