Who is a tax dependent?A tax dependent is a relative or child whose characteristics and relationship with you allow you to claim certain credits and tax deductions, such as head of...
Posted by CORE PERFORMANCE on 03/10/2022
What is a dependent?A dependent is a qualified person other than the taxpayer or spouse, who gives the taxpayer the right to request a dependency exemption on their income tax return....
Posted by Income Taxes and Bookkeeping LLC on 02/10/2021
The head of household filing status confuses taxpayers compared to any other IRS terms. This is not surprising as the head of filing signifies the breadwinner and the provider of the...
Posted by James Financial Services Inc on 08/24/2020
What is a joint return test? The IRS uses the joint return test to determine whether a taxpayer can be validly claimed as an employee by another taxpayer. This test also determines...
Posted by BEST FINANCIAL GROUP LTD on 02/27/2019
IRS has its own test to determine whether you are qualified to claim another person to be your dependent in terms of taxes. It’s called a Joint Return Test. A Joint Return Test...
Posted by GLEN SMITH on 03/11/2019
