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Get your taxes done using TurboTax
Your $4,050 dependent exemption is a reduction of taxable income (not subject to tax), not a dollar for dollar increase in your refund as is the dependent related Earned Income Credit.
For instance, if you are in the 10% tax bracket, and you claim two $4,050 dependent exemptions ($8,100 total), your refund will increase by about $800.
‎June 4, 2019
9:58 PM