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Rules and Qualifications for Claiming a Tax Dependent

Source: nerdwallet.com - Jan 8, 2020

A tax dependent is a child or relative whose characteristics and relationship to you entitle you to claim certain tax deductions and credits, such as head of household filing status, the Child Tax Credit, the Credit for Other Dependents, the Earned Income Tax Credit or the Child and Dependent Care Credit.

Determining whether someone is a tax dependent can be difficult, though. Here’s a rundown, but keep in mind that this is a complex area of the tax code and there are exceptions to every rule. For all the details, check out IRS Publication 501.

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Category: General Business