The gallbladder is a small pear-shaped organ connected to your liver through the hepatic duct. It stores a substance called bile that flows from the liver. The gallbladder contracts to release bile through your intestines when you eat fat-containing food. Bile is a substance composed primarily of specialized salts that help emulsify fat, enabling intestinal absorption. Fat is one of six essential nutrients that your body needs to function properly.
In addition to being able to claim personal exemptions for each of their children, they may also qualify for a variety of related tax credits. One of these is the child tax credit, worth up to $1,000 per child in the 2016 and 2017 tax years.
Currently, the dependent deduction is $4000 per child. Applying the national average for child care costs ($12,000) increases this de facto to $16,000. These two tiers of the child deduction phase out at different levels, but become generally unavailable at the very high end of the income spectrum. This is all in addition to the $1000 child tax credit, which phases out at a much lower level of income ($110,000).