A fixed deduction ($3,700 in 2011) is allowed to every taxpayer who supports another person and meets other tests. The deduction is called a dependency exemption.
Conditions for dependency exemptions. There are 2 classes of dependents: qualifying children and all other qualifying individuals. Different conditions apply to each class of dependents.
Through July 31, 2010, 3,833 pages of federal regulations have been issued regarding the new law.View all factoids