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What is an exemption on a tax return?

Lucas Garcia | 2023-06-13 09:06:57 | page views：1810
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Oliver Anderson

Works at the International Criminal Court, Lives in The Hague, Netherlands.
An exemption is an amount of money you can subtract from your Adjusted Gross Income, just for having dependents. Personal and dependent exemptions for yourself and qualifying family members reduce the amount of income on which you will be taxed. (in effect, these exemptions are the same as deductions).
2023-06-22 09:06:57
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Noah Johnson

QuesHub.com delivers expert answers and knowledge to you.
An exemption is an amount of money you can subtract from your Adjusted Gross Income, just for having dependents. Personal and dependent exemptions for yourself and qualifying family members reduce the amount of income on which you will be taxed. (in effect, these exemptions are the same as deductions).
Tax Exemptions and Deductions for Families - TurboTax Tax Tips ...
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