dependent deduction qualifications
The IRS allows you a $3,800 deduction for each of your dependents. Credits come off your tax bill. If you owe the IRS $1,000 after calculating your taxes, and if you have a $1,000 tax credit, you donât owe the IRS anything.Having at least one dependent can qualify you for the earned income tax credit.Child dependents can also qualify you for a child care credit and a child tax credit. To claim the child tax credit, your dependent must be younger than 17.To claim the credit for child care, your child must be younger than 13.he IRS allows you a $3,800 deduction for each of your dependents. Credits come off your tax bill. If you owe the IRS $1,000 after calculating your taxes, and if you have a $1,000 tax credit, you donât owe the IRS anything.