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After you file
WAIT for your first return to be fully processed BEFORE you amend or you just make it too confusing for yourself and for the IRS. But do not be surprised if you owe when you remove a dependent because you will lose the credits you were getting for claiming that dependent. If the dependent is an adult you lose the $500 credit for other dependents. If the dependent is a qualifying child you may be losing earned income credit, childcare credit, child tax credit, and even possibly Head of Household filing status.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
February 16, 2023
8:06 AM