Question

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?

Answer

Each dependency exemption you claim reduces your taxable income by $4,150.

You can claim any person as a dependent if he or she meets the requirements for a qualifying child or a qualifying relative.

Related Topics

Related Resources

Mortgage Interest Deduction & Unmarried Couples

Learn more about deducting mortgage interest if you are unmarried with advice from the tax experts at H&R Block.

Can I Report Prior Year Deductions?

Find out if you can claim deductions missed on prior tax returns with advice from the tax experts at H&R Block.

Give and Get: Tax Deductions for Cash Donations

When you make cash donations to a qualified charitable organization, you may be able to take a tax deduction. Learn how at H&R Block.

Schedule C Health Insurance Deductions

Learn more about schedule c health insurance deductions with help from the tax experts at H&R Block.