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.
If you are just getting your tax documents together and figuring out what to do next, here is a handy checklist to help you keep everything organized.
What is the tax rate in Louisiana? Learn more about Louisiana taxes, including important tax bracket information, with help from H&R Block.
From income tax to sales and property tax, it’s important to understand key tax definitions so you know what you owe and why you owe it. Learn more from the pros at H&R Block.
Need to know how to calculate estimated taxes? We're here to help. Get tax answers from H&R Block today.