Haha... but seriously?

The tax code is way above my head, but with the personal exemption deduction gone I really don't see how claiming a dependent helps lower your tax bill at all. Yes, if they are 16 or below you get the child tax credit, but that's it.

(In response to this post by fordham)

Posted: 03/11/2019 at 3:32PM

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Current Thread:

Child tax credit question -- Diehard Hokie 03/11/2019 12:41PM

Nevermind- there may be 500 credit for 17 and over ** -- bigbadbird 03/11/2019 1:41PM

Well at 18 they are not a child anymore, can still be claimed as -- fordham 03/11/2019 1:50PM

How do dependents help nowadays? -- Diehard Hokie 03/11/2019 1:53PM

They don't, they are just money suckers ** -- fordham 03/11/2019 3:20PM

Haha... but seriously? -- Diehard Hokie 03/11/2019 3:32PM

Child credit was raised by $1K. At 25% effective tax rate, you break even -- Hokie Hokie 03/12/2019 11:03PM

Haha... but seriously?

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