I have one of my parents a qualified dependent.. But the amount for my dependant does not show.. Or will I have to submit first and then it will be applied?

[holmesmarquise]

So is that the amount we potentially can get 

[SweetieJean]

Aren't your parents filing a Joint return?

[holmesmarquise]

No they are not and lived with me all year

[SweetieJean · Accepted solution]

After you add that person as a dependent, you get a $4,050 Personal Exemption (deduction from income) before the tax is calculated.

There are no tax credits for a parent dependent.

[holmesmarquise]

Is that the amount we potentially can get

[SweetieJean]

You do not get the $4,050. That just means $4050 less of your income is taxed.