What tax benefits are associated with claiming dependents?

Claiming dependents can provide several tax benefits:

• Child Tax Credit: You may qualify for a tax credit of up to $2,000 per qualifying child.
• Dependent Care Credit: If you pay for childcare or care for other dependents while you work, you may qualify for a credit.
• Earned Income Tax Credit (EITC): Having dependents can increase the amount of EITC you qualify for.