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Unfortunately, many people interpret the exemption incorrectly. It is not a credit that can be refunded.
The additional $4,190 is an exemption. This amount is subtracted from your taxable income to lower the amount of tax you would pay.
Unfortunately, many people interpret the exemption incorrectly. It is not a credit that can be refunded.
The additional $4,190 is an exemption. This amount is subtracted from your taxable income to lower the amount of tax you would pay.
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