I claimed 2 dependents but my refund stayed the same.

Forum|Forum|7 years ago
June 6, 2019
1 reply
18 views

No text available

TurboTax Free Edition Online

Best answer by KrisD15

Claiming dependents won't always increase your refund.

Each dependent you claim gives you an exemption.

This exemption amount is subtracted from your income before your tax liability is computed.

If your tax liability zeros out, additional dependents do not help you get a refund.

Only the refundable credits help with that, such as the Earned Income Tax Credit, the American Opportunity Credit and the Additional Child Tax Credit.

KrisD15Answer

Level 15

Claiming dependents won't always increase your refund.

Each dependent you claim gives you an exemption.

This exemption amount is subtracted from your income before your tax liability is computed.

If your tax liability zeros out, additional dependents do not help you get a refund.

Only the refundable credits help with that, such as the Earned Income Tax Credit, the American Opportunity Credit and the Additional Child Tax Credit.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"