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You've learned a little about who's related to you FOR TAX PURPOSES in the last article: Who's Your Dependent Part 1and this edition is going to re-visit those relationships and expand on how they apply to your tax return. You'll be introduced to child dependents, which will be the focus of Part 3: Qualifying Children

 

First, let's look at the relationships (FOR TAX PURPOSES). Keep in mind, the...

  

 

One of the biggest impacts made on your personal tax return is who you claim as your dependent(s). The laws regarding this seem clear, but can be difficult to understand. This is especially true when your "co-worker said", or your "mom told me" that you could claim so-and-so on your taxes. The truth is there are several factors that must be considered to determine who is your dependent for...

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OBTP# B15761

LTC# 31700C

EA# 113391

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