Dependency Exemptions

Question 1

If a taxpayer can claim another person as a dependent, can the dependent claim themselves?

Answer 1

If a taxpayer can claim another person as a dependent—even if the taxpayer does not actually do so—the dependent cannot take a personal or dependency exemption on their tax return.

Question 2

What are the two types of dependents?

Answer 2

A dependent is either a qualifying child or a qualifying relative of the taxpayer.

Question 3

How do dependents help you reduce tax liability?

Answer 3

A taxpayer can claim one exemption for each qualified dependent, thereby reducing the taxable income.

Question 4

Dependency Chart

Answer 4

file:///Users/Vvshah89/Desktop/Dependent%3F.pdf