How much of a tax deduction am I able to claim for each dependent who meets the requirements for a qualifying child or a qualifying relative?
Each dependency exemption you claim reduces your taxable income by $4,050.
You can claim any person as a dependent if he or she meets the requirements for a qualifying child or a qualifying relative.
Ready to file?
You've got your forms. And we've got your back. There's only one thing left to do. Let's do this.
So how much will you get (or owe) this year? That’s the million-dollar question. We happen to have three very useful calculators to help you estimate your refund or balance due.