Almost all taxpayers are able to claim one exemption for themselves and one for their spouse if married. This can help lower how much of your income the IRS can tax. You may also be allowed to claim an exemption for a dependent. Each exemption is usually $4,050. While each exemption may be worth the same amount, there are different rules for different types.
Here are five key points for taxpayers to keep in mind on exemptions and dependents when filing their 2017 tax return:
1. Claiming Personal Exemptions. On a joint return, taxpayers can claim one exemption for themselves and one