I Claimed a parent

rayzjoyy87 · ‎May 31, 2019

Did I receive anything for her?

Hal_Al · ‎May 31, 2019

Unlike claiming a child, there are no credits for claiming a parent. The only thing you get is his/her exemption; a $4050 deduction from income before tax is calculated.

So, you " received" a savings of $4050 times your marginal tax bracket, unless your tax was already at zero. For example, if you are in the 15% TAX BRACKET, you saved 4050 x 0.15 = $608

View solution in original post

Hal_Al · ‎May 31, 2019

Unlike claiming a child, there are no credits for claiming a parent. The only thing you get is his/her exemption; a $4050 deduction from income before tax is calculated.

So, you " received" a savings of $4050 times your marginal tax bracket, unless your tax was already at zero. For example, if you are in the 15% TAX BRACKET, you saved 4050 x 0.15 = $608