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Dependents – The Tax Deductions They Bring 2020, 2021

Each child and dependent can bring you a tax deduction of $4050. Learn more, https://americantaxservice.org/dependents-the-tax-deductions-they-bring/ This means that the income that is subject to federal tax is reduced. If you are in the 15% bracket this could save you $607.50 and those in the 25% bracket could save $1012.50.

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