I entered in the information for my dependent and it said I qualify for a $4050 tax break but it is not showing up on my return amount.
02298
1 Best answer
Texas Roger
Level 15
May 31, 2019 7:26:08 PM
The tax break is not a credit. It is subtracted from your income along with your standard deduction and your own $4050 personal exemption to determine how much of your income is taxable. The less income that is taxable, the less tax you pay.
2 Replies
Texas Roger
Level 15
May 31, 2019 7:26:08 PM
The tax break is not a credit. It is subtracted from your income along with your standard deduction and your own $4050 personal exemption to determine how much of your income is taxable. The less income that is taxable, the less tax you pay.