Claiming a dependent on your tax return can reduce how much you owe.
The following credits may apply when you claim a dependent:
- Child Tax Credit.
- Additional child tax credit (ACTC)
- Other dependent credit (ODC)
- Earned income tax credit (EITC)
- Child and Dependent Care Credit
When you claim a dependent, you might be eligible to file as Head of household. Taxpayers who are eligible to file as head of household often pay lower taxes.
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