Get Irs Standard Deduction Worksheet For Dependents - Line 40
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The deduction for a dependent child is calculated by using the IRS Standard Deduction Worksheet for Dependents - Line 40, which takes into account their earned income and a standard base amount. Generally, dependent children may qualify for at least a $1,100 deduction or more, depending on their income. Being informed about this deduction is crucial for family tax planning.
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