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• Amount that taxpayers can claim for a "qualifying child" or "qualifying relative". Each exemption reduces the income subject to tax. The exemption amount is a set amount that changes from year to year. One exemption is allowed for each qualifying child or qualifying relative claimed as a dependent.

  Internal Revenue Service - Cite This Source - This Definition
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  Cite Definition for dependency exemption

  American Psychological Association (APA)

  dependency exemption. (n.d.). Understanding Taxes Student Glossary. Retrieved February 8, 2023, from website: http://www.expertglossary.com/definition/dependency-exemption.

  Chicago Manual of Style (CMS)

  dependency exemption. apps.irs.gov. Understanding Taxes Student Glossary. Internal Revenue Service. http://www.expertglossary.com/definition/dependency-exemption (accessed: February 8, 2023).

  Modern Language Association (MLA)

  "dependency exemption." Understanding Taxes Student Glossary. Internal Revenue Service. 8 February. 2023 http://www.expertglossary.com/definition/dependency-exemption.

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