How Much Can I Deduct for Each Exemption I Claim?
This interview will help you determine how much can be deducted for each exemption claimed on your return. There are two types of exemptions, personal exemptions and exemptions for dependents. You usually can claim exemptions for yourself, your spouse, and each person you can claim as a dependent.
Information You'll Need:
- Marital status, relationship to the dependent, and the amount of support provided
- Basic income information such as your adjusted gross income
Estimated Completion Time: 4 minutes.
Note: After 15 minutes of inactivity, you'll be forced to start over.