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2. Child tax credit (United States) - Wikipedia

   en.wikipedia.org/wiki/Child_tax_credit_(United...

   A tax credit enables taxpayers to subtract the amount of the credit from their tax liability. [d] In the United States, to calculate taxes owed, a taxpayer first subtracts certain "adjustments" (a particular set of deductions like contributions to certain retirement accounts and student loan interest payments) from their gross income (the sum of all their wages, interest, capital gains or loss ...

3. Taxes 2024: Can I Claim My Parents as Dependents and Is It ...

   www.aol.com/taxes-2024-claim-parents-dependents...

   If your parents earn more than the allowable gross income for the tax year in question ($4,700 per parent in 2023), then they would not be eligible to be claimed as a dependent by anyone else ...

4. I’m an Accountant: 3 Tax Tips Everyone Should Follow in 2025

   www.aol.com/m-accountant-3-tax-tips-230018879.html

   Earned Income Tax Credit: The maximum amount for 2024 is $7,830 for qualifying taxpayers who have three or more qualifying children, an increase from $7,430 for tax year 2023. Income thresholds ...

5. Tax season 2025: Everything to know before you file, and how ...

   www.aol.com/finance/tax-season-2025-everything...

   You must choose between claiming the ... 12%, 22%, 24%, 32%, 35% and 37%. While those income tax rates didn’t change for 2024, the income thresholds have widened. ... and child and dependent ...

6. Can I Claim My Boyfriend or Girlfriend as a Dependent? - AOL

   www.aol.com/finance/claim-boyfriend-girlfriend...

   If he or she earned more than $4,200 in gross income during a calendar year, you won’t be able to claim them as a dependent. $4,200 is not much, but that’s the threshold set by the IRS.

7. Personal exemption - Wikipedia

   en.wikipedia.org/wiki/Personal_exemption

   The personal exemptions begin to phase out when AGI exceeds $309,900 for 2017 joint tax returns and $258,250 for 2017 single tax returns. Each tax exemption is reduced by 2% for each $2,500 by which a taxpayer's AGI exceeds the threshold amount until the benefit of all personal exemptions is eliminated.

8. Can You Claim an Adult as a Dependent? Here’s What You Need ...

   www.aol.com/claim-adult-dependent-know-160130508...

   By consulting with your tax advisor, you will determine who qualifies as a dependent and learn the benefits of claiming a dependent. For starters, for each eligible dependent child, you will ...

9. How Much Do I Need To Make To File Taxes? Here’s How to Know

   www.aol.com/taxes-2024-file-tax-return-192534439...

   If your income from 2024 exceeds the gross income threshold listed for ... Qualify to claim tax credits, such as: Earned Income Tax Credit. ... 2025 depends on your income, marital status and ...