Question

Im confused. it says that i get a $4000 tax break for having bella but i dont see it under my tax breaks or how i owe so much after having her

Forum|Forum|7 years ago
June 1, 2019
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TurboTax Deluxe Online

Employee

Did the TurboTax announcement that you got a “tax break” confuse you? You do not receive $4050 for having a dependent. The "$4050 tax break" you saw means that since you have a dependent, $4050 of your income is "tax free." Your "dependent deduction" lowers the amount of your income that you have to pay tax on. It is not a refund.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

SteamTrain

Employee

in the Personal Info section, you also need her SSN, and you need to say she lived with you the entire year..... a newborn anytime in 2016 lived with you the entire year..even if it was 31 Dec.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*