Your standard deduction is the greater of:
- $1,350 or
- Your earned income + $450 (limited to the regular Standard Deduction for your filing status).
Example: You are single, claimed as a dependent on your parent's return, and you earned $10,000 in wage income and $2,000 in interest income. Your Standard Deduction would be $10,450 (Your earned income of $10,000 + $450).
Example: You are single, claimed as a dependent on your parent's return, and you earned $20,000 in wage income. Even though your earned income + $450 is $20,450, your Standard Deduction would be limited to $15,750 (the Standard Deduction for single individuals).