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.
Direct File, a new IRS tax filing program, is being made permanent, and the agency will be more than doubling the number of states where it’s available in 2025. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain...
That's because the bill excludes "adults who can be claimed as a dependent (say a disabled sibling or a frail parent)," noted Howard Gleckman of the Tax Policy Center in a post about the stimulus payments.Nonresident aliens "Nonresident aliens" is a "tax term that describes non-U.S. ...
A tax dependent is a qualifying child or relative who can be claimed on your tax return if they meet certain requirements.
A divorced parent's dependent children are members of his or her household, even if they live part of the time with the other parent. The child is a member of both parents' households on an Affidavit of Support unless a parent proves that he or she has no legal obligation to support th...
A“scientific thriller” about a mystery plague, and the efforts of five scientists to understand its origin and impact. Honorable Mention Isle of the Dead, by Roger Zelazny The Face in the Frost, by John Bellairs Operation Changeling, by Poul Anderson ...
A taxpayer with a self-employment income of $600 must file a tax return. a. True b. False Do I have to pay Social Security tax on a 1099? A taxpayer with AGI of $285,210 claims his mother as a dependent and files as single in 2014. The taxpayer's exemption deduction is: A. $...
Believe it or not, the Internal Revenue Service doesn’t automatically require you to file a tax return each year just because you earn income. Instead, most taxpayers who aren’t the dependent of another taxpayer can determine their income tax filing obligations using their gross income an...
A flexible spending account (FSA) is an employer-sponsored benefit that allows employees to contribute pre-tax earnings toward qualified medical and dental expenses. The contributions reduce taxable income, which can lead to tax savings.FSAscan also be used for dependent care expenses if the employe...
Having a dependent child is a key part of filing as a qualified widow or widower. In fact, it's actually a crucial part of the tax filing status. There is often an addendum to the title that stipulates it, notably a qualified widow(er) with a dependent child.5 The law also dictates ...