topic Trying to claim my daughter as a dependent to receive allowance in Get your taxes done using TurboTax

Trying to claim my daughter as a dependent to receive allowance

xgenesisuarezx3 — Sat, 01 Jun 2019 01:42:38 GMT

i am claiming my daughter for the first time, but it doesn't show me where ?

First, be sure to indicate that she lived with you all of...

SweetieJean — Sat, 01 Jun 2019 01:42:39 GMT

First, be sure to indicate that she lived with you all of 2016 (which is okay for newborns).

Second, the $4,050 personal exemption you get for her is not a tax credit or a refund Rather, it is a deduction (subtraction) from your income, before the tax is calculated. So you don't pay taxes on $4,050 of income.

Ah okay thank you !ine more question should we be able to...

xgenesisuarezx3 — Sat, 01 Jun 2019 01:42:41 GMT

Ah okay thank you !ine more question should we be able to claim ourselves as dependents

No. You just enter yourself and your spouse under Person...

VolvoGirl — Sat, 01 Jun 2019 01:42:43 GMT

No. You just enter yourself and your spouse under Personal Info as Primary and spouse. You will get an exemption for yourself (and spouse). It's the same as claiming a dependent.

Go to the Personal Info section, then Dependents.'

SweetieJean — Sat, 01 Jun 2019 01:42:46 GMT

Go to the Personal Info section, then Dependents.'

yes i get that, and she's on there where it says I'm supp...

xgenesisuarezx3 — Sat, 01 Jun 2019 01:42:49 GMT

yes i get that, and she's on there where it says I'm suppose to receive money for her but when we go to review her money is not there.

Was she born in 2916?

SweetieJean — Sat, 01 Jun 2019 01:42:51 GMT

Was she born in 2916?

Yes she was born in 2016 ! & when I claimed her it said s...

xgenesisuarezx3 — Sat, 01 Jun 2019 01:42:54 GMT

Yes she was born in 2016 ! & when I claimed her it said she can get up to 4,000 dollars but when I go to submit none of that money pops up !

You don't get that back. It is a deduction not a credit....

VolvoGirl — Sat, 01 Jun 2019 01:42:55 GMT

You don't get that back. It is a deduction not a credit. It is subtracted from your income before the tax is calculated so you get taxed on a lower amount.