Archive for the ‘Dependents and Exemptions’ Category.

Things taxpayers should know about claiming dependents

The IRS reminds us that since taxpayers can no longer claim personal exemptions for dependents on their tax returns, other reasons why we may want to claim dependents. As they are preparing their 2018 tax returns, taxpayers should remember that personal exemptions are suspended for 2018. ...

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Exemptions and Dependents: TopTen Tax Fact

Most people can claim an exemptions and dependents on their tax return. It can lower your taxable income. In most cases, that reduces the amount of tax you owe for the year. Here are the top 10 tax facts about exemptions to help you file your tax return. 1. E-file Your Tax Return.  Ea...

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