what is the total dollar amount of personal and dependency exemptions a married couple with two children (ages 11 and 14, both of which are qualified children) and $80,000 of adjusted gross income would deduct in 2021?

Respuesta :

For 2021, the pinnacle credit share of qualifying charges expanded from 35% to 50%. In addition, eligible taxpayers can declare qualifying infant and established care fees of up to: $8,000 for one qualifying toddler or dependent, up from $3,000 in prior years.

Why is my refund diminished in 2021?

If you didn't account for every job throughout your W-4s, you may also not have withheld enough, so your tax refund could be much less than predicted in 2021. Not factoring eligibility changes for tax credit and deductions: There may additionally be other influences on your refund due to the credit you can take.

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