Why did my dependent exemption go from 2350 to 1000 this year, 2 children both in high school one did turn 18 in june?

posted

Connect with an expert

2 Replies

Why did my dependent exemption go from 2350 to 1000 this year, 2 children both in high school one did turn 18 in june?

What dependent exemption? There are no federal dependent exemptions. Are you asking about a state exemption? What state?

**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.**

Why did my dependent exemption go from 2350 to 1000 this year, 2 children both in high school one did turn 18 in june?

The Child Tax Credit reverted back to previous years after it had been adjusted for Covid. For 2 children 17 or older you will receive a $500 each other dependent credit.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"