Depedents
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
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
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