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Deductions & credits
When you claim an adult as a dependent, you get a $4050 personal exemption, which lowers the amount of your income that you are taxed on. It is not a refund. Unlike when you have a child as a dependent, there are not any other “refundable credits” like earned income credit that you can get for claiming an adult as your dependent.
**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.**
May 31, 2019
11:01 PM