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buchman0311
New Member

Claiming a dependent brother

It says I get a tax credit of $4050 but my refund is only about $1937. Shouldn't it be a bit more if I'm claiming a dependent?
1 Best answer

Accepted Solutions
jerry2000
Alumni

Claiming a dependent brother

A dependent deduction reduces your tax by reducing your taxable income. It is not an amount that you get back. A deduction can reduce your taxable income only to zero, it can not reduce it to below zero.

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1 Reply
jerry2000
Alumni

Claiming a dependent brother

A dependent deduction reduces your tax by reducing your taxable income. It is not an amount that you get back. A deduction can reduce your taxable income only to zero, it can not reduce it to below zero.
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