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re: Confused as hell on exemptions/witholding on taxes. Please help.
Posted on 7/4/13 at 12:46 pm to wegotdatwood
Posted on 7/4/13 at 12:46 pm to wegotdatwood
The dependent exemption leads to a deduction in addition to your standard deduction or itemized deductions in calculating taxable income. The child tax credit of $1,000 reduces the tax owed dollar for dollar.
1
Posted on 7/4/13 at 1:49 pm to LSUTiger13
I should get to find out my wifes pay stub to figure some things out.
Cool on the credit thing. Also had the homestead $350 thing. Will I get to use that if I don't itemize?
Cool on the credit thing. Also had the homestead $350 thing. Will I get to use that if I don't itemize?
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