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Deductions & credits
@johnM6406 wrote:
Here's the question, is the dependent deduction different depending on income? Last year my deduction was $2,000, this year, Turbo Tax only gave a $500 deduction? My income is a bit up but not hugely.
Yes it can be but how old is the dependent?
$500 would be the amount for a dependent over the age of 16 at the end of the year.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
March 1, 2020
9:17 AM