Nearly everyone can claim tax exemptions on their tax return to lower their taxable income.
Tax ExemptionsHere are the top 7 tax facts about exemptions to help you plan for your next tax return.
1. Exemptions cut income. There are two types of exemptions. The first type is a personal exemption. The second type is an exemption for a dependent. You can usually deduct $3,950 for each exemption you claim on. READ MORE