1252383
You'll need to sign in or create an account to connect with an expert.
Do you have a question?
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.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Confusedmom
Level 2
martinez05101977
New Member
ewaite27
New Member
chris-davidebel1979
New Member
mcmikecasey1
New Member