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 $4,300.
You can claim any person as a dependent if he or she meets the requirements for a qualifying child or a qualifying relative.
Will the IRS give you a tax reimbursement on gas? Learn more from the tax experts at H&R Block.
Looking for information on California state tax forms? Read here to find out where to find them, instructions and more from the experts at H&R Block.
How should you file back taxes for last year, as well as taxes for this year? Learn more from the tax experts at H&R Block.
Has there been a birth in your family? Let the experts at H&R Block explain what you need to know about claiming a newborn on your taxes.