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Tax Exemptions for Minor Children

Please note that the legal information presented on this page is written for those living in the state of Illinois.

What Does it Mean?

Tax exemptions for minor children (also known as dependency exemptions) is a certain amount of income related to the cost of caring for and raising a minor child(s) that is deducted from one's annual tax payments.

How Does it Work?

If you are the legal parent, or have been allocated parental responsibilities (custody) of a minor child(s) you may be able to claim them as your dependents when you file your taxes. The amount of tax-deductible income you receive depends on the number of children you claim as dependents.

Unless you and the child's other legal parent are married or in a civil union, only one of you will be able to claim the child(s) as a dependent on your tax returns.

Things You Should Know

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