• Kyodo News

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The government tax panel has decided to abolish income tax deductions for families with dependents, starting in fiscal 2011, ruling party lawmakers said.

The tax credit, which applies to families with children under the age of 16 and those with dependents aged between 23 and 69, permits annual deductions of ¥380,000 from national income tax and ¥330,000 from local income tax.

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