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Did the TurboTax announcement that you got a “tax break” confuse you? You do not receive $4050 for having a dependent. The "$4050 tax break" you saw means that since you have a dependent, $4050 of your income is "tax free." Your "dependent deduction" lowers the amount of your income that you have to pay tax on. It is not a refund.
Did the TurboTax announcement that you got a “tax break” confuse you? You do not receive $4050 for having a dependent. The "$4050 tax break" you saw means that since you have a dependent, $4050 of your income is "tax free." Your "dependent deduction" lowers the amount of your income that you have to pay tax on. It is not a refund.
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