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  2. Now That You’re Divorced, Who Claims Your Child on Taxes? - AOL

    www.aol.com/finance/now-divorced-claims-child...

    After meeting these conditions, the custodial parent can fill out and sign an IRS form to give the other parent some tax benefits. IRS Form 8332 Release/Revocation of Release of Claim to Exemption ...

  3. IRS tax forms - Wikipedia

    en.wikipedia.org/wiki/IRS_tax_forms

    The Form 1040EZ ("easy form"), Income Tax Return for Single and Joint Filers With No Dependents, was the simplest, six-section Federal income tax return, introduced in 1982. Its use was limited to taxpayers with taxable income below $100,000 (as of tax year 2016 [update] ) who take the standard deduction instead of itemizing deductions and have ...

  4. Am I Exempt From Federal Withholding? Do I Still Get a Refund?

    www.aol.com/am-exempt-federal-withholding-still...

    If you cannot claim exemption from withholding, you can still reduce the amount withheld from every paycheck by entering the dollar amount of your deductions and claiming your dependents and ...

  5. Personal exemption - Wikipedia

    en.wikipedia.org/wiki/Personal_exemption

    Under United States tax law, a personal exemption is an amount that a resident taxpayer is entitled to claim as a tax deduction against personal income in calculating taxable income and consequently federal income tax. In 2017, the personal exemption amount was $4,050, though the exemption is subject to phase-out limitations.

  6. What are exemptions, deductions and credits? - AOL

    www.aol.com/finance/2016-03-01-what-are...

    It is easy to lump exemptions, deductions and credits into the same basket of tax-saving mechanisms, but they are distinctly different. Skip to main content. Sign in. Mail. 24/7 Help. For premium ...

  7. Tax deduction - Wikipedia

    en.wikipedia.org/wiki/Tax_deduction

    A tax deduction or benefit is an amount deducted from taxable income, usually based on expenses such as those incurred to produce additional income. Tax deductions are a form of tax incentives, along with exemptions and tax credits. The difference between deductions, exemptions, and credits is that deductions and exemptions both reduce taxable ...

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