How much of a tax deduction am I able to claim for each dependent who meets the requirements for a qualifying child or a qualifying relative?
Each dependency exemption you claim reduces your taxable income by $4,300.
You can claim any person as a dependent if he or she meets the requirements for a qualifying child or a qualifying relative.
If you need help handling an estate, we're here to help. Learn how to file taxes for a deceased loved one with H&R Block.
From retirement account contributions to self-employment expenses, learn more about the five most common tax deductions with the experts at H&R Block.
Getting married? Having a baby? Buying a house? Go through your life events checklist and see how each can affect your tax return with the experts at H&R Block.
Donating household goods to your favorite charity? Learn the ins and outs of deducting noncash charitable contributions on your taxes with the experts at H&R Block.