Dependency Exemption

About Dependency Exemption:

Amount that taxpayers can claim for a “qualifying child” or “qualifying relative”. Each exemption reduces the income subject to tax. The exemption amount is a set amount that changes from year to year. One exemption is allowed for each qualifying child or qualifying relative claimed as a dependent.

see dependent.

Description and Definition of Dependency Exemption

An exemption you claim for a dependent. Extra exemptions are allowed for each qualifying dependent. The exemptions are phased out for certain high income individuals.

Resources

See Also

Further Reading

• Dependency Exemption in the West's Tax Law Dictionary
• Dependency Exemption in “A Dictionary of Taxation”