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Deductions & credits
But assuming that you have the same filing status every year (as macuser pointed out), you still may want to adjust your W-4 each year to include (or remove) the dependent. If the dependent is under age 17, keeping the dependent on the W-4 during a year that you do not claim the dependent would result in about a $2000 difference in taxes.
‎February 6, 2021
8:59 PM