Meraleigh, age 16, is claimed as a dependent on her parents' tax return. This year, Meraleigh earned $510 from babysitting and $220 interest income from a savings account. Compute Meraleigh's standard deduction.

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For a dependent, the standard deduction in 2023 is the greater of $1,100 or earned income plus $350, not to exceed the standard deduction for an individual, which is $12,950. Meraleigh's earned income is $510 (from babysitting), so her standard deduction is $1,100, which is the greater of $1,100 or her earned income ($510) plus $350 ($860).

Meraleigh, Age 16, Is Claimed as a Dependent on Her