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Despite the qualification obstacles, it doesn’t hurt to explore whether you can claim your parent as a dependent. If you and your parent meet IRS requirements, you’ll be able to claim an added personal exemption on your income tax return....
when your child was born, the child may be a U.S. citizen even if the other parent was a nonresident alien and the child was born in a foreign country. This means that for tax purposes, even if the child has not been presented for citizenship, he could qualify as your dependent. ...
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.
IRS rules prohibit parents from effectively "splitting" a dependent. Only one of them can claim a child as a dependent per year. Some parents with multiple children do "divide" them at tax time, however, with one parent claiming one child and the other parent claiming the other, and this...
For someone to qualify as a dependent, the person must be the child, parent or relative of the person seeking to claim HOH. Qualifying children must have lived with the person for over half the calendar year, be under 18 or under 24 if they are a full-time student. Note: age limits ...
Despite the qualification obstacles, it doesn’t hurt to explore whether you can claim your parent as a dependent. If you and your parent meet IRS requirements, you’ll be able to claim an added personal exemption on your income tax return. ...