Claiming the Child and Dependent Care Tax Credit

The Child and Dependent Care Credit can help offset some of the costs you pay for the care of your child, a dependent or a spouse. Here are 10 facts the IRS wants you to know about the tax credit … read more

How to Qualify to Claim A Dependency Exemption

You will qualify for the exemption if that person is either your “qualifying child” or your “qualifying relative.” CAUTION:  The dependency exemption isn’t allowed unless you include the dependent’s social security number on your return. This rule applies even to … read more

My Wife Collects Social Security. Can I Claim Her as a Dependent?

Just the other day, I was having a conversation with a client when he brought up the subject of Social Security and how it is taxed. After discussing the fact that at his income level he would have to pay … read more

Six Important Facts about Dependents and Exemptions

Even though each individual tax return is different, some tax rules affect every person who may have to file a federal income tax return. These rules include dependents and exemptions. The IRS has six important facts about dependents and exemptions … read more

Dependent Care Credit for Elderly

If you paid someone to care for your dependent child under the age of 13 so you (and your spouse if filing jointly) could work or look for work, you may be able to take a credit for the child … read more

Can I Claim My Parents as Dependents?

These days it is not uncommon for people to be looking after or taking care of their parents or other aging adults.  However, did you know that there are tax laws that can offer some help if you meet certain … read more

Dependents – Who Gets to Claim the Kids after a Divorce?

Are you divorced? Does your divorce decree state that you may claim your children as dependents in the odd years while your ex-spouse gets to claim them in the even years? Then why were you unable to claim the children … read more

Important Facts about Dependents and Exemptions

Year after year nearly all of us go through the process of filing a Tax Return.  For some it can raise questions about whether they are a dependent or not?  And then there are other questions about exemptions and filing … read more


There is nothing more complex than the world of taxes. We know this and yet we chose careers where we face these issues everyday. We get questions day in and day out about new tax laws, forms and news items and how they affect everyday people and businesses. Well, here at Henry & Horne we have set out to do what we do best; help everyday people understand what is going on in the world of state, local, federal, estate and international taxation. We will provide these weekly posts and we encourage you to give us feedback on those posts as well as letting us know what else you would like to know more about. Welcome to "Tax Insights." We hope you find this blog informative and worthy of your time.

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