Claiming dependent

[bianic0085]

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

[Marketstar · Accepted solution]

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