STANDARD DEDUCTION OF A DEPENDENT: EXAMPLE 3
01.Core Concepts
• Naomi is 72 years old, single, and can be claimed as a dependent by her daughter. • She has $4,200 of interest income during 2026. • Her basic standard deduction for 2026 is $1,350. • Her total standard deduction is $3,400 ($1,350 basic standard deduction + $2,050 additional standard deduction for age in 2026). 2026 $4,200 Interest Income ($1,350) Less Basis Standard Deduction ($2,050) Less Additional Standard Deduction $800 Taxable Income (before OBBBA senior deduction) (800) Less Enhanced Deduction for Seniors (up to $6,000)* $0 Taxable Income (with OBBBA senior deduction)*