The adventures & musings of an Enrolled Agent representing clients in Tax Controversy cases at the Neighborhood Christian legal clinic - Low Income Taxpayer Clinic.

Indianapolis, Indiana

Are There Changes to Benefits for Dependents for Tax Year 2018? Yes!

Are There Changes to Benefits for Dependents for Tax Year 2018? Yes!

Deduction for personal exemptions suspended For 2018, you can’t claim a personal exemption deduction for yourself, your spouse, or your dependents. THIS MEANS THAT…you will not be able to reduce the income that is subject to tax by the exemption amount for each person included on your tax return as you have in previous years.Read more about Are There Changes to Benefits for Dependents for Tax Year 2018? Yes![…]