Question: When a dependent's earned income exceeds $ 8 5 0 , the 2 0 2 4 standard deduction for that dependent Will be earned income,

When a dependent's earned income exceeds $850, the 2024 standard deduction for that dependent
Will be earned income, plus $1,300, until the total reaches the maximum standard deduction allowed.
Will begin to phase out as earned income increases.
Will be earned income, plus $450, until the total reaches the maximum standard deduction allowed.
Can no longer be taken if the child is claimed as a dependent on the parent's tax return.
When a dependent's earned income exceeds $ 8 5 0

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