my dependent made $2000 gross last year and tax deduct $980 already. when i claim he as my dependent, how much i could deduct from my tax?
2007-03-15 08:33:09 · 5 answers · asked by alex4travel 1 in Business & Finance ➔ Taxes ➔ United States
You would get a $3,300 deduction for the dependent exemption.
Your dependent should also file his own tax return and report his income. He will most likely be entitled to get a refund of his taxes withheld.
2007-03-15 15:41:59 · answer #1 · answered by tma 6 · 0⤊ 0⤋
I'm not sure just what you mean about "tax deduct $980 already".
When you claim a dependent, you get an exemption of $3300 for them. That amount is subtracted from your income before you figure their taxes.
2007-03-15 15:38:59 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
go to IRS.gov thy will have the answer
2007-03-15 08:36:20 · answer #3 · answered by Anonymous · 0⤊ 1⤋
you have to win over 10,000 to do that
2007-03-15 08:35:56 · answer #4 · answered by smiling4you25 2 · 0⤊ 2⤋
idk but have u tried searching google
2007-03-15 08:46:15 · answer #5 · answered by usererrorunknown 1 · 0⤊ 1⤋