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Deductions & credits
@SeeThruMe wrote:
David
thank you for responding - so another words there is a black hole to say that impacts parents across the country for children that are 17 and seniors in Highschool complexly dependent on their parents and the deduction decreases by 1.5K - the difference is a huge challenge and impact
why wouldn’t that IRS pub be read into say 17 or younger just the same as voting rights are 18 and older and not 18 and one day older
thank you
The IRS does not say that. The tax law that Congress passed says that. That has been the law for years (1997 as I recall).
**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.**
February 28, 2021
3:20 PM