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Category: Dependents

Dependent Tax Filing Rules
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Dependent Tax Filing Rules

Filing Taxes as a Dependent If someone claims you as a dependent on their income tax return, this doesn’t necessarily mean that you don’t have to file your own tax return. Filing taxes when claimed as a dependent means that you are subject to an alternative set of IRS rules for determining if and when […]

Can I Claim My Father on My Income Tax Return if He Receives Social Security?
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Can I Claim My Father on My Income Tax Return if He Receives Social Security?

It is possible, and not uncommon, to claim your father as a qualifying relative dependent on your tax return, but you need to first make sure that his Social Security income is tax-free. The tax laws allow you to claim virtually any person as a qualifying relative dependent, regardless of your relationship to them. But […]

Claiming Dependents Tax Exemption
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Claiming Dependents Tax Exemption

Taking Dependents on Your 1040 When it comes to claiming dependents on your income tax return, the IRS requires that you satisfy the qualifying child or qualifying relative requirements for each one you claim. Generally, any child you claim as a dependent must live with you for more than half the tax year, not provide […]

Who Can I Take as a Dependent on My Taxes
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Who Can I Take as a Dependent on My Taxes

Your Children Can Be Dependents There are two sets of tax rules to evaluate when determining who can be a dependent on your tax return. The IRS requires that you first ascertain whether an individual qualifies as your dependent under the qualifying child rules. Only when the person isn’t a qualifying child can you turn […]

Qualifying Child Rules for Dependents
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Qualifying Child Rules for Dependents

Relationship to Your Qualifying Child The IRS provides two alternative sets of rules to determine whether you can claim an individual as your dependent. However, the agency always requires that you evaluate your eligibility to claim a dependent under the qualifying child rules before proceeding to the qualifying relative rules. Moreover, the IRS restricts your […]

When Can I List My Spouse As a Dependent?
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When Can I List My Spouse As a Dependent?

  The federal income tax law is very clear in that taxpayers shouldn’t list a spouse as a dependent on their tax returns. Despite not being able to claim dependent exemptions for spouses, there are other ways that your spouse, or being married, may help you claim other tax benefits that can save you just […]

Qualifying Child Definition for Claiming Tax Dependents
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Qualifying Child Definition for Claiming Tax Dependents

Qualifying Child Relationship Test In order to claim a child as your dependent, the IRS requires you to satisfy all qualifying child tests, the first of which is the relationship test. The relationship test of the qualifying child criteria simply requires that your dependent be related to you in any of the following ways: • […]

How to Claim Your Elderly Parents on Your Taxes?
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How to Claim Your Elderly Parents on Your Taxes?

The Internal Revenue Code lets you claim a dependent exemption for each of your elderly parents, provided no one else is eligible to and satisfy the other qualifying relative requirements. However, the IRS provides some exceptions that makes it easier for children to report their parents as dependents in comparison to other taxpayers. Parent’s Gross […]