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Here's the question, is the dependent deduction different depending on income? Last year my deduction was $2,000, this year, Turbo Tax only gave a $500 deduction? My income is a bit up but not hugely.
@johnM6406 wrote:
Here's the question, is the dependent deduction different depending on income? Last year my deduction was $2,000, this year, Turbo Tax only gave a $500 deduction? My income is a bit up but not hugely.
Yes it can be but how old is the dependent?
$500 would be the amount for a dependent over the age of 16 at the end of the year.
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