Vladimir (65) and Alyona (64) will file married filing jointly. Alyona is blind. What is their 2023 standard deduction on Form 1040-SR, U.S. Tax Return for Seniors?

Question

$29,200
$30,700
$32,200
$33,700

Answer 1

For the tax year 2023, the standard deduction for married couples filing jointly is $27,700. However, additional amounts are added for age and blindness.

Since both Vladimir (65) and Alyona (64) are filing jointly and Alyona is blind, they are eligible for additional deductions:

• For each spouse age 65 or older, the standard deduction increases by $1,500.
• For each blind spouse, it also increases by $1,500.

In this case:

• Vladimir is 65 (adds $1,500).
• Alyona is blind (adds $1,500).

So for Alyona, even though she is 64, she still gets the additional deduction for being blind ($1,500).

Calculating the total standard deduction:

1. Base Standard Deduction for Married Filing Jointly: $27,700
2. Additional amount for Vladimir being 65: +$1,500
3. Additional amount for Alyona being blind: +$1,500

Total Standard Deduction = $27,700 + $1,500 + $1,500 = $30,700

Therefore, the standard deduction on Form 1040-SR for Vladimir and Alyona in 2023 would be $30,700.

Answer 2

Sam lives with his daughter, June. Sam received $5,500 in social security benefits. He used $2,400 for rent, $1,000 for food, $1,500 for recreation, $500 for the doctor, and $100 for eyeglasses. What amount of support must June pay to claim Sam as a qualifying relative?
Less than $5,500.
More than $2,400.
More than $2,750.
More than $5,500

Answer 3

To determine how much support June must provide for Sam to claim him as a qualifying relative, we need to establish the supporting amount and the total support that Sam receives.

Support Received by Sam:

1. Social Security Benefits: $5,500

Total Support Provided by June:

To determine how much June needs to provide, we need to calculate Sam’s total support based on the expenses he incurs.

• Rent: $2,400
• Food: $1,000
• Recreation: $1,500
• Doctor: $500
• Eyeglasses: $100

Total Expenses: \[ 2,400 + 1,000 + 1,500 + 500 + 100 = 5,500 \]

Total Support Calculation:

Sam's total support consists of his social security benefits. Thus, the total support for Sam is $5,500.

Requirement for Claiming as a Qualifying Relative:

To claim someone as a qualifying relative, you must provide more than half of their total support. Since Sam's total support is $5,500, June must provide more than $2,750 (which is half of $5,500).

Conclusion:

Thus, June must provide more than $2,750 to claim Sam as a qualifying relative.

Answer 4

Which taxpayer has a potential qualifying child that meets the age test? (Unless stated, none of these individuals are permanently or totally disabled.)
Chase and Zuri are married and have a son, Caleb (25). Caleb is unmarried and a full-time student. Caleb earned $11,000, all from wages, and he did not provide more than half of his own support. Caleb lives on campus while school is in session. During the summer, Caleb lives with Chase and Zuri.
Nadia (42) has a daughter, Josie (19). Josie is unmarried and lived with Nadia all year. Josie decided to take a yearlong break from school before starting college. She worked part-time and earned $10,500, all from wages. She did not provide more than half of her own support.
Olive (21) and her brother, Benji (23), lived together all year. Benji is unmarried and a full-time student. Benji had no income and did not provide more than half of his own support.
Tanner (23) and his sister, Annie (25), lived together all year. Tanner and Annie are both unmarried. Annie is permanently and totally disabled. Annie had no income, and did not provide more than half of her own support.

Answer 5

To determine which taxpayer has a potential qualifying child that meets the age test, we need to evaluate the eligibility of each child based on the criteria for a qualifying child. The key points for the age test are:

1. The child must be under age 19 at the end of the year, or a full-time student who is under age 24, or permanently and totally disabled.
2. The child must also live with the taxpayer for more than half the year (with some exceptions for temporary absences).

Let's analyze each taxpayer and their potential qualifying child:

1. Chase and Zuri:

   • Child: Caleb (25 years old; full-time student)
   • Since Caleb is 25, he does not meet the age test for a qualifying child, even though he is a student.

2. Nadia:

   • Child: Josie (19 years old; part-time worker; took a break from school)
   • Josie is 19 and meets the age test because she is under age 19. She also lived with Nadia all year and did not provide more than half of her own support.

3. Olive:

   • Child: Benji (23 years old; full-time student)
   • Benji is 23, meaning he does not meet the age test. While he is a full-time student, he must be under 24 to qualify.

4. Tanner:

   • Child: Annie (25 years old; permanently and totally disabled)
   • Although Annie is permanently and totally disabled, she is 25 years old, exceeding the age limit for a qualifying child.

Based on the above reviews:

• The only taxpayer with a potential qualifying child who meets the age test is Nadia with her daughter Josie (19 years old).

Therefore, the answer is Nadia has a potential qualifying child that meets the age test.