Trying to claim my daughter as a dependent to receive allowance

[xgenesisuarezx3]

i am claiming my daughter for the first time, but it doesn't show me where ?

[SweetieJean · Accepted solution]

First, be sure to indicate that she lived with you all of 2016 (which is okay for newborns).

Second, the $4,050 personal exemption you get for her is not a tax credit or a refund   Rather, it is a deduction (subtraction) from your income, before the tax is calculated. So you don't pay taxes on $4,050 of income.

[xgenesisuarezx3]

Ah okay thank you !ine more question should we be able to claim ourselves as dependents

[VolvoGirl]

No.  You just enter yourself and your spouse under Personal Info as Primary and spouse.  You will get an exemption for yourself (and spouse).  It's the same as claiming a dependent.

[SweetieJean]

Go to the Personal Info section, then Dependents.'

[xgenesisuarezx3]

yes i get that, and she's on there where it says I'm suppose to receive money for her but when we go to review her money is not there.

[SweetieJean]

Was she born in 2916?

[xgenesisuarezx3]

Yes she was born in 2016 ! & when I claimed her it said she can get up to 4,000 dollars but when I go to submit none of that money pops up !

[VolvoGirl]

You don't get that back.  It is a deduction not a credit.  It is subtracted from your income before the tax is calculated so you get taxed on a lower amount.