How much is each Dependant worth on your taxes 2022?
The maximum Child Tax Credit for 2022 is $2,000. Credit for Other Dependents has a maximum value of $500. The Internal Revenue Service (IRS) defines a dependent as a qualifying kid (under the age of 19 or under 24 if a full-time student, or any age if permanently and totally incapacitated) or a qualifying spouse. For more information about your 2022 individual and families taxes please refer to the table below.
2022 SINGLE INDIVIDUALS
2022 MARRIED INDIVIDUALS
2022 MARRIED FILING SEPARATELY
2022 HEADS OF HOUSEHOLDS
2022 STANDARD DEDUCTIONS
2022 ALTERNATIVE MINIMUM TAX (AMT) EXEMPTIONS, PHASE OUTS & RATES
2022 CHILD TAX CREDIT