Where do i take exemption for myself like what's on form 1040

mahani19 · ‎June 4, 2019

xmasbaby0 · ‎June 4, 2019

When you enter your information in Personal Info, you are asked if you can be claimed as a dependent on someone else's tax return. If your answer to that question is NO then you are claiming your own personal exemption of $4050 which lowers the amount of income you are taxed on. You will see it on your Form 1040EZ combined with your standard deduction on line 5; on 1040A on line26; or on form 1040 on line 42.

**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 4, 2019

When you enter your information in Personal Info, you are asked if you can be claimed as a dependent on someone else's tax return. If your answer to that question is NO then you are claiming your own personal exemption of $4050 which lowers the amount of income you are taxed on. You will see it on your Form 1040EZ combined with your standard deduction on line 5; on 1040A on line26; or on form 1040 on line 42.

**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.**