https://ttlc.intuit.com/community/taxes/discussion/what-will-dropping-a-dependent-do-to-my-taxes/01/453491#M186443 Tue, 04 Jun 2019 23:05:06 GMT howardto 2019-06-04T23:05:06Z https://ttlc.intuit.com/community/taxes/discussion/what-will-dropping-a-dependent-do-to-my-taxes/01/453491#M186443 Tue, 04 Jun 2019 23:05:06 GMT https://ttlc.intuit.com/community/taxes/discussion/what-will-dropping-a-dependent-do-to-my-taxes/01/453491#M186443 howardto 2019-06-04T23:05:06Z https://ttlc.intuit.com/community/taxes/discussion/a-dependent-exemption-reduces-your-tax-by-reducing-your-t/01/453498#M186447 A dependent exemption reduces your tax by reducing your taxable income. For each exemption, you get a $4,050 deduction. Drop that dependent and you pay tax on $4,050 more income. If the child is 16 or under, you get a child tax credit worth up to $1,000 of your tax. Drop the dependent and you lose that credit. Tue, 04 Jun 2019 23:05:07 GMT https://ttlc.intuit.com/community/taxes/discussion/a-dependent-exemption-reduces-your-tax-by-reducing-your-t/01/453498#M186447 jerry2000 2019-06-04T23:05:07Z