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22 January, 11:05

Which of the following statements relating to the standard deduction, if any, is correct? a. If a taxpayer dies during the year, his or her standard deduction must be prorated. b. If a taxpayer is claimed as a dependent of another, his or her additional standard deduction is allowed in full (i. e., no adjustment is necessary). c. If spouses file separate returns, both must claim the standard deduction (rather than itemize their deductions from AGI). d. If a taxpayer is claimed as a dependent of another, no basic standard deduction is allowed. e. None of these.

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  1. 22 January, 14:21
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    b. If a taxpayer is claimed as a dependent of another, his (or her) additional standard deduction is allowed in full (i. e., no adjustment is necessary).

    Explanation:

    The additional standard deduction amount increases to $1,600 for unmarried taxpayers. For 2018, the standard deduction amount for an individual who may be claimed as a dependent by another taxpayer cannot exceed the greater of $1,050 or the sum of $350 and the individual's earned income
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