{
  "id": "RS20072",
  "type": "CRS Report",
  "typeId": "REPORTS",
  "number": "RS20072",
  "active": false,
  "source": "EveryCRSReport.com",
  "versions": [
    {
      "source": "EveryCRSReport.com",
      "id": 316208,
      "date": "2006-06-28",
      "retrieved": "2016-04-07T18:59:20.964029",
      "title": "Standard Deduction and Personal/Dependency Amounts for Children Age 14 and Over or Students",
      "summary": "Generally, a taxpayer is allowed one exemption for each person claimed as a dependent. The\ntaxpayer can claim the dependent if the individual meets five tests for dependency. As a result of\nthe  Working Families Tax Relief Act of 2004 , the tests for certain dependents, children,\nwere\nsimplified when a uniform definition of a qualifying child was adopted. A taxpayer may claim\ndependency exemptions for children 19 through 23 years of age who are full-time students at least\nfive months during the year.\n Between 1954 and 1986, it was possible for both a parent and his or her child or full-time\nstudent to claim the child's or student's personal/dependency exemption. Under a provision of the\n Tax Reform Act of 1986 (TRA86) , if the parent claimed the exemption, the child or\ndependent student\ncould not claim their own personal exemption. However, the  TRA86  also provided a\nstandard\ndeduction for children/students equal to the greater of $500  or  earned income up to the\nfull standard\ndeduction applicable to other types of taxpayers. These amounts have been adjusted annually for \ninflation. A provision included in the  Taxpayer Relief Act of 1997 ( TRA97 )\npreserved a full offset\nfor earned income against the standard deduction amount but also provided a more generous offset\nwhere there is both earned and unearned income. \n Special tax rules commonly referred to as the \"kiddie tax\" apply to the unearned investment\nincome of children under the age of 14. These rules were recently modified by the Tax Increase\nPrevention and Reconciliation Act ( P.L. 109-222 ), which increased the age of minors subject to this\ntax to those minors under age 18.\n This report will be updated to reflect legislative changes and/or indexation adjustments.",
      "type": "CRS Report",
      "typeId": "REPORTS",
      "active": false,
      "formats": [
        {
          "format": "PDF",
          "encoding": null,
          "url": "http://www.crs.gov/Reports/pdf/RS20072",
          "sha1": "fbdf89b9275706b410741c802e8eb251595ac2bc",
          "filename": "files/20060628_RS20072_fbdf89b9275706b410741c802e8eb251595ac2bc.pdf",
          "images": null
        },
        {
          "format": "HTML",
          "filename": "files/20060628_RS20072_fbdf89b9275706b410741c802e8eb251595ac2bc.html"
        }
      ],
      "topics": []
    }
  ],
  "topics": [
    "Economic Policy"
  ]
}