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.
Will depreciation affect an itemized deduction? Learn more from the tax experts at H&R Block.
2017 has beckoned record-topping natural disasters. From wildfires in California to hurricanes throughout the south, the casualty loss tax deduction is a hot topic. Read to learn more.
Learn more about schedule c health insurance deductions with help from the tax experts at H&R Block.
What are itemized deductions? Learn more about Schedule A and get tax answers at H&R Block.