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Bob and Donna have been married for 35 years and have filed joint returns since their...

Bob and Donna have been married for 35 years and have filed joint returns since their marriage. the couple has 3 children: Jack age 11, Bonnie age 16, and Margie age 22. All 3 children live with Bob and Donna. Margie is a full time student with no income. how many personal exemptions can Bob and Donna claim?

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Answer #1

As per IRS 2018 No Personal Exemption is available.  

But items like Child Credits are still available.

Child Tax Credit-$2,000 per qualifying child

2000 * 3Qualifying Child = 6,000

Jack Is a qualifying Child as under 19 and meet conditions**
Bonnie Is a qualifying Child as under 19 and meet conditions
Margie even above 19 But Below 24 and a Student with no income.

**To meet the qualifying child test the child must be younger than19 years old

or

A student younger than 24 years old as of the end of the calendar year(No income)

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