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...
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
You can't 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 estimated
May 15, 2013 ... Some tax rules affect every person who may have to file a federal income tax
return – these rules include dependents and exemptions.
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
Generally, your dependent may be required to (or want to) file a tax return if their
income is within the IRS filing requirements.
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 ...
... rightfully claim? Let's break down the IRS requirements. ... It's central to your
tax return, because for each dependent you can claim, you can get an exemption
– a valuable chunk taken right off the top of taxable income. (Each taxpayer also
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 ...
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.