You can claim a boyfriend or girlfriend as a dependent on your federal income taxes if that person meets the IRS definition of a "qualifying relative."
If you can't claim your parent as a dependent because they filed a joint tax return or had a gross income above $5,050 (in 2024) but you have been paying medical expenses for a parent, you may be able todeduct those expensesfrom your taxes. Learn more about medical expense deductions ...
The Internal Revenue Service (IRS) allows you to potentially reduce your tax by claiming a dependent child on a tax return. If you do not file a joint return with your child's other parent, then only one of you can claim the child as a dependent. When bo
Most of the time, taxpayers claim their children as dependents on their income taxes. Under certain circumstances, you might be able to claim a non-relative on your income taxes as well. However, therequirementsfor claiming a non-relative are more rigorous than claiming a qualifying child, or ...
The PATH act delay affects tax filers claiming the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC). As a result refunds may not be processed until early to Mid-March for many taxpayers, in order to perform further identity and claim verifica...
There is generally no limit on the amount you can claim from a life insurance policy as long as the policy is active and the terms are met. However, insurers may have internal limits on the maximum coverage offered. Is it legal to have multiple life insurance policies? Yes, it’s legal...
Here are a couple I’ve learned about during my years as a professional caregiver. Child and Dependent Care Credit With this credit, If you pay for your loved one’s care expenses, you can claim up to $3,000 per person up to two dependents. Flexible Spending Dependent Care Accounts ...
I was supposed to get an EIP card for the first or second stimulus check, but I never got it. What can I do? If your first or second stimulus check (in any form) never arrived, you'll have to claim it as aRecovery Rebate Creditwhen you file your2020 tax return, ...
* The Tax Cuts and Jobs Act signed into law by Trump doubled the maximum amount of the child tax credit available to parents and lifted the income limits so more people could claim it. * It also created a new tax credit for other dependents. ...
How Do I Claim My Divorced Spouse's Social Security? Applications for Social Security benefits, including for a divorced spouse's benefits, can be made online through the Social Security Administration website. You can also make an appointment at your local SSA office. Be sure to have your ...