If you claim a parent as a dependent does the amount you receive vary depending on the income you report? Or is it a fixed amount no matter your income

surfdog321 · ‎June 6, 2019

xmasbaby0 · ‎June 6, 2019

Adult Dependent

When you claim an adult as a dependent, you get a $4050 personal exemption, which lowers the amount of your income that you are taxed on. It is not a refund. Unlike when you have a child as a dependent, there are not any other “refundable credits” like earned income credit that you can get for claiming an adult as your dependent.

If you claim a parent as your dependent--if you itemize then you can claim medical expenses that you paid for the parent.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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xmasbaby0 · ‎June 6, 2019

Adult Dependent

When you claim an adult as a dependent, you get a $4050 personal exemption, which lowers the amount of your income that you are taxed on. It is not a refund. Unlike when you have a child as a dependent, there are not any other “refundable credits” like earned income credit that you can get for claiming an adult as your dependent.

If you claim a parent as your dependent--if you itemize then you can claim medical expenses that you paid for the parent.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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If you claim a parent as a dependent does the amount you receive vary depending on the income you report? Or is it a fixed amount no matter your income