Tax benifit or value question from quebec canada?
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1 spouse declairs a total of $50,000 and the other $156,000 on our seperate income taxe returns. We were told only the spouse with the higher amount should claim the 2 none working 17 and 20 year olds and both full time students.What is the aprox. dollard or figure value saved by the higher earner by claiming the 2 kids $$$ ?
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Answer:
$3000.00 for the 2 kids.
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