Claiming dependent

bianic0085 — Thu, 06 Jun 2019 09:49:37 GMT

I put my dad as a dep. but it's not giving me what was calculated

Your $4,050 dependent exemption is a reduction of taxable...

Marketstar — Thu, 06 Jun 2019 09:49:39 GMT

Your $4,050 dependent exemption is a reduction of taxable income (not subject to tax), not a dollar for dollar increase in your refund as is the dependent related Earned Income Credit.

For instance, if you are in the 10% tax bracket, and you claim one $4,050 dependent exemption, your refund will increase by about $400

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Claiming dependent

Your $4,050 dependent exemption is a reduction of taxable...