rmarkgoff
New Member

How do I receive the Fed Gov $4,000 Tax Credit?

 
xmasbaby0
Level 15

Get your taxes done using TurboTax

You do not receive $4050 for having a dependent.  The "$4050 tax break" you saw means that since you have a dependent, $4050 of your income is "tax free."  Your "dependent deduction" lowers the amount of your income that you have to pay tax on. It is not a refund.

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