David is age 78, is a widower, and is being claimed as a dependent by his son. How does this situation affect the following?

a. David's own individual filing requirement.

b. David's personal exemption.

c. The standard deduction allowed to David.

d. The availability of any additional standard deduction.

Solutions

Expert Solution

a. The filing requirements for persons being claimed as dependents by others are more complex than those applicable to regular taxpayers. The requirements depend on whether the dependent has only earned income, only unearned income, or both earned and unearned income and on the amount of gross income.

b. Dependents are not allowed to claim a personal exemption.

c. In 2016, the basic standard deduction is the greater of $1,050 or earned income plus $350. The total basic standard deduction allowed, however, cannot exceed $6,300 (the 2016 standard deduction for single taxpayers).

d. The 2016 additional standard deduction of $1,550 is allowed in full since he is 78 (age 65 or over).

a. The filing requirements for persons being claimed as dependents by others are more complex than those applicable to regular taxpayers.

b. Dependents are not allowed to claim a personal exemption.

c. In 2016, the basic standard deduction is the greater of $1,050 or earned income plus $350.

d. The 2016 additional standard deduction of $1,550 is allowed in full since he is 78 (age 65 or over).

Renze Joy Candido answered 1 year ago

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