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5 Answers

Question about dependents on taxes?

Asked by: bustermcleod 631 views YA Discussion

I was wondering how much each dependent is worth on taxes this year? I’ve hears 3000 and 1500. If anyone knows how that works please fill me in!

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  • how much are dependents worth on taxes 2013
  • how much is each dependent worth on taxes

5 Answers



  1. Bostonian In MO on Jan 07, 2013 Reply

    Between $ 0 and several thousand dollars, depending upon your individual tax situation.

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  2. Bobbie on Jan 07, 2013 Reply

    Each qualifying dependent exemption amount means 3800 free of federal income tax when you can meet the rules to be able to QUALIFY to claim a taxpayer as a qualifying dependent on your own 1040 income tax return during the 2013 tax filing season for this purpose and time in your life.
    10% marginal tax rate bracket X 3800 MIGHT reduce your FIT amount by 380 at that time during the 2013 tax filing season for this purpose.
    Hope that you find the above enclosed information useful. 01/06/2013

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  3. Judy on Jan 07, 2013 Reply

    Depends on a lot of things. The exemption for a dependent this year is $ 3800. That doesn’t mean you save that much in tax. It’s a deduction, so means that much of your income isn’t taxed. Typical tax savings for one dependent is around $ 570 but can be more or less. Can be 0, can be a few thousand dollars.

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  4. Just an Iowan on Jan 07, 2013 Reply

    Depends upon what you mean by “worth”
    Exemptions are $ 3,800
    Child credit $ 1,000……depending upon age under 17 on 12/31
    Education credit…………..depends upon amount paid
    Child care……………………depends upon your income and amount you paid for child care
    EITC (earned income tax credit) depends upon your income

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  5. tro on Jan 07, 2013 Reply

    the personal exemption is $ 3800, same as yours
    the child tax credit for children in the household under 17 is $ 1000, neither of these is a REFUND
    any child tax credit not used to reduce your income tax liability is available as an additional child credit

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