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TurboTax Dependent Calculator

TurboTax 2018 - 2019 Dependents Credits & Deductions Finder - Application and Calculator

Answer a few simple questions about your kids and you'll find out if you can claim them.

  • Is this child younger than 19 years old (or younger than 24 years old if he or she is a full-time student)?
  • Does the child live with you for more than ½ of the year?
  • Does the child pay for more than ½ of his or her own expenses?

By answering the questions above you can determine if you may qualify for the following deductions and credits:

  • Dependent Exemption Per dependent, up to... $4,050
  • Child & Dependent Care Credit For 2 + dependents, up to... $2,100
  • Earned Income Tax Credit (EITC) For 3 + dependents, up to... $6,269
  • Child Tax Credit Per dependent, up to... $1,000

The TurboTax Dependant Credit and Deduction Finder will help insure you get every deduction and credit you can qualify for!

2018 - 2019 Tax Law Changes that have Effect on Dependants

The new 2018 - 2019 Tax Cuts and Jobs Act (TCJA) includes a number of changes that affect families with dependants

From 2018 thru 2025, the new tax law eliminates personal and dependent exemption deductions, (normally accounted for in employee withholding) which would have been $4,150 each for 2018 under prior law.

However take note that there are other tax provisions that make reference to persons for whom dependent exemption deductions are allowed. These references include:

  • the eligibility rules for head of household filing status
  • the child and dependent care tax credit
  • the education tax credits
  • and child-related tax breaks for non-custodial parents after divorce

These dependent exemption deductions are still deemed to exist for 2018 - 2025. It’s just equal to zero, regrettably.

Other Tax Deductions Make Up the Difference For The Loss

The 2018 - 2025 TCJA tax law almost doubles the standard tax deduction amounts. These deductions are as follows:

  • $12,000 for singles (up from $6,350 for 2017)
  • $24,000 for joint-filing married couples (up from $12,700)
  • $18,000 for heads of households (up from $9,350)

There are additional standard tax deduction amounts for elderly and blind individuals that are still allowed, $1,300 for each elderly or blind spouse and $1,600 for elderly or blind person who is unmarried.

The elimination of dependent exemption deductions and increase in bigger standard deductions helps some families and hurts others. In particular, those who don't itemize or have kids will gain tax advantage, while those families with several kids who don’t benefit from increased standard deductions loose advantages.

2018 TCJA Tax Law Dependent Advantages

The TCJA increases the maximum child credit to $2,000 for dependents under-age-17, a qualifying child increase from $1,000 to $1,400 can be a refundable credit, meaning you can collect that amount even if you don’t owe federal income taxes. Plus, the income levels at which the child tax credit is phased out are increased so more families with under-age-17 children can now qualify.

The adjusted gross income (AGI) threshold for child credit phase-out rule is now $400,000 for married joint-filing couples and $200,000 for all others. Under this phase-out rule, $50 of child tax credit is phased out for every $1,000 of AGI above the applicable thresholds. Any portion of $1,000 of excess AGI counts as a full $1,000 towards AGI.

The TCJA provides a new $500 credit for dependents who are not under-age-17 children who qualify for the $2,000 child credit. Qualifying dependents can include:

  1. a dependent child who lives with you for over half the year and is over age 16 and up to age 23 if he or she is a student and
  2. a host of non-child relatives (grandchild, sibling, stepbrother, stepsister, father, mother, grandfather, grandmother, stepfather, stepmother, niece, nephew, uncle, aunt, son-in-law, daughter-in-law, father-in-law, mother-in-law, brother-in-law, sister-in-law, and others).

These non-child relatives will qualify only for the $500 credit if they have no gross income for the year. For 2018 - 2025, the dependent exemption deduction is deemed to still exist, but it is equal to $0.

The TCJA leaves all education-related tax breaks unchanged, with one exception: the law liberalizes Section 529 plan rules to allow federal-income-tax-free withdrawals of up to $10,000 per year to cover tuition at a public, private, religious elementary, or secondary school.