Matching Pairs US Income Tax ExemptionsOnline version Facts About US Income Tax Exemptions by Monika Krulic 1 Support 2 Children of Parents Divorced, Separated, or Who Live Apart 3 Qualifying child of more than one person - tiebreaker rules 4 Qualifying Child 5 Taxpayer can claim personal exemption for spouse if... 6 Multiple Support Agreement 7 Qualifying Relative 8 Personal Exemption 9 Exemption 10 Dependency Exemptions married as of the last day of the year; spouse cannot be claimed as a dependent on another tax return; filing joint return, or on separate return IF the spouse has no income and is not filing their own separate return; spouse dies during the year, if the taxpayer hasn’t remarried If only one person for whom child qualifies is the child’s parent, parent “wins”; If both are parents, not filing jointly, parent with whom child lived longest wins; if lived same amount of time with each, the one with higher AGI wins. If neither is parent, person with highest AGI wins. If a parent can claim but doesn’t, non-parent can claim if has higher AGI than parent A type of exemption for the filing taxpayer, and possibly for their spouse A set of rules for claiming dependents for children who receive over half their support from parents, and whose parents are divorced, separated under legal or written agreement, or lived apart last 6 months of year A type of exemption allowed for the taxpayer's dependents A dollar amount, or an allowance, that is deducted from total income, thereby reducing taxable income Does not mean the same as income; represents funds actually spent to benefit a person Situation in which two or more people could claim a dependent except for the support test, and together provide over 50%; those providing over 10% can agree that one of them can claim the dependent A type of dependent that may be the taxpayer's son, daughter, stepchild, foster child, brother, sister, half sibling, stepsibling, or a descendant of any of them A type of exemption who must EITHER (a) be related to taxpayer – child, stepchild, foster child, or their descendant; sibling, half sibling, or their descendant; parent, or their sibling or ancestor; stepsibling, stepparent, or in-law (son, daughter, father, mother, brother, sister) OR (b) have lived in tp’s household all year
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