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Tax Related Questions > Personal Information > Dependents and Exemptions

 
  • What are personal exemptions?
    A personal exemption is a tax deduction that allows you to reduce your taxable income, thus reducing the amount of income tax you owe. The amount of...
  • What tax breaks can a dependent get me?
    For every dependent you have, you are allowed to claim a dependency exemption, which decreases the amount of income on which you are taxed. For 2011 t...
  • What Is a Dependency Exemption?
    In addition to the Personal Exemptions for you and your spouse, the IRS allows you to substract an equivalent exemption amount from your taxable incom...
  • Who qualifies as a dependent?
    Dependents are divided into two categories: qualifying children and qualifying relatives, each with its own set of requirements. If your dependent is ...
  • Can an adult qualify as a dependent?
    You may be able to claim certain adults who are permanently and totally disabled, regardless of age, as a qualifying child. You may also be able to...