Cooler weather outside doesnât mean you have to shut down your swimming pool. With the help of Leslieâs heating products, your swimming season can be extended by weeks and even months. Solar Covers, Gas Heaters, Heat Pumps, and Solar Heaters all help to increase the amount of time you and your family can enjoy the pool.
Tax exemptions for you and your dependents. An exemption is an amount of money you can subtract from your Adjusted Gross Income, just for having dependents. Personal and dependent exemptions for yourself and qualifying family members reduce the amount of income on which you will be taxed. (in effect, these exemptions are the same as deductions).
Youâre correct that the dependent canât claim a personal exemption if eligible to be claimed by their parents. However, if the parents choose not to claim the child as a dependent the child can take the education credits. In that case neither the parents or the child claim a dependency exemption for the child.his is an important distinction because itâs an either/or situation in terms of who gets the tax break. If the parent claims the education tax deduction or credit, then the child (in this case, the dependent) canât claim it.