You could get $4,000* off your taxable income for each dependent you claim in 2015. So who can you claim? *$4,050 in 2017. Note: The content of this video applies only to taxes prepared for 2015. It is included here for reference only.
The parent you claim as a dependent must be a relative of yours. This shouldn’t be a problem if you are claiming a parent. (Note that it's permissible for you to claim an in-law or stepparent as a parent who is a dependent.) However, keep in mind that foster parents do not cou...
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
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...
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 paid a daycare center, babysitter, summer camp, or other care provider to care for a qualifying child under age 13 or a disabled dependent of any age, you may qualify for a tax credit of up to 35 percent of qualifying expenses of $3,000 ($1,050) f