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.
Unfortunately, the cost of your engagement ring can't be deducted as a write-off on your personal income taxes. H&R Block tax pros explain why.
If you need help handling an estate, we're here to help. Learn how to file taxes for a deceased loved one with H&R Block.
Learn how to deduct student loan interest with H&R Block. Get information about qualified education expenses and see if a student loan tax deduction applies to you.
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