Understand what are the requirements for claiming a child as a dependent on your taxes, who else you can claim as a dependent, and how it can save you thousands.
Tax Tips for Single DadsRules for Claiming Dependents on TaxesWhat is the IRS Form 8812?What is IRS Form 8615: Tax for Certain Children Who Have Unearned IncomeBirth of a ChildThe above article is intended to provide generalized financial information designed to educate a broad segment o...
Know the Changes, Tame Your Taxes; This Year, Guidelines for Claiming Dependents Will Change and Charitable Contributions Are UnlimitedByline: MARK BASCH Hopefully, most of you are finding that preparing your federal income tax...By Basch
For more on qualifications for dependents including special situations, such as adoption, where they may temporarily be living elsewhere, etc. See our articlehere. Claiming HOH on taxes can bring big savings come tax time, but you must qualify for it in accordance with the IRS guidelines. Our...
When you want to claim children as dependents, however, they must either be under age 19 at the end of the year or be full-time students under the age of 24. Keep in mind that someone can be claimed as a dependent on only one tax return. If you share your mother-in-law’s ...
Most people claimed as dependents are children or other relatives. However, you may also be able to claim an unrelated dependent, such as a domestic partner.