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Personal exemption (United States) - Wikipedia


Under United States tax law, a personal exemption is an amount that a resident taxpayer is entitled to claim as a tax deduction against personal income in calculating taxable income and consequently...

Rules for Claiming a Dependent on Your Tax Return - TurboTax - Intuit


If you have a family, you need to know how the IRS defines “dependents” for income tax purposes. Why? Because it could save you thousands of dollars on your ...

Who Can You Claim as a Dependent? – Tax Guide • 1040.com ...


Claiming a dependent gives you chances at several valuable tax breaks. But who can you rightfully claim? Let's break down the IRS requirements. ... claim, you can get an exemption – a valuable chunk taken right off the top of taxable income.

How Do I Claim Deductions for Children and Dependents? - Efile.com


What are the IRS dependent rules to claim a child or dependent on your tax return? ... income before your taxable income is calculated (after that, tax deductions ...

Personal and Dependent Exemptions | US Tax Center - IRS.com


Feb 3, 2016 ... Generally, taxpayers are allowed to claim exemptions on their tax returns that reduce their amount of taxable income. There are two main types ...

What are the qualifications for claiming a person as a Dependent or ...


Often, dependents do not fall into this exact description, so the IRS has designed ... and receives an income for services performed for a tax-exempt organization.

Claiming Dependents On Taxes - Bankrate.com


Mar 15, 2016 ... Find out the rules of claiming dependents on taxes, whether it's your child or a relative. ... dependent as long as he or she meets certain IRS conditions. ... the child and dependent care credit and the earned income tax credit.

Claiming Dependents on Taxes - IRS Tax Dependent Definition and ...


Each dependent you claim on your taxes reduces your taxable income by $3950. Learn more about who qualifies as a dependent and IRS rules & definition.

Eligible Dependents for Tax Purposes | Liberty Tax Service


Find who to claim as an eligible dependent on your taxes by Liberty Tax ... The IRS website goes into further detail about the rules for claiming a dependent. ... The qualifying relative's gross income for the year must be less than $4,000.

If a Student's Parents Do Not Claim Him as a Dependent on their ...


Feb 20, 2012 ... Although the word “dependent” is used on both the federal income tax returns and the Free Application for Federal Student Aid (FAFSA), one ...

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Publication 17 (2015), Your Federal Income Tax - IRS.gov


You cannot claim a married person who files a joint return as a dependent unless that joint return is filed only to claim a refund of withheld income tax or ...

Tax Return Filing Requirements for Dependents - Efile.com


Generally, your dependent may be required to (or want to) file a tax return if their income is within the IRS filing requirements.

Qualifying relative, child, parent, friend, dependent test. - Efile.com


How to Claim a Qualifying Relative as a Dependent ... A Qualifying Relative is a person who meets the IRS requirements to be your dependent for tax purposes. ... He is too old to be your Qualifying Child, but because his income was under ...