Ever been in a situation where you tried to file your tax return, and the response you got when you filed an electronic file was a rejection message. A typical example of the rejection...
Posted by KLSM CPA Firm PLLC on 03/17/2022
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
So, you have welcomed a new member into your family. Congratulations. We hope you are aware of the tax breaks that the new baby offers.There are many ways you can prepare for a coming...
Posted by Abundant Wealth Planning LLC on 02/22/2022
You know you can declare your children on the tax return as dependents. But what if you also support your parents? Can you claim them as dependents on your tax return? If you...
Posted by Abundant Wealth Planning LLC on 01/31/2022
It is pretty common for adult kids to care for their senior parents, which qualifies them to claim their parents on their tax return as a dependent. With this, they are eligible for...
Posted by Tiffany Gaskin on 11/29/2021
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
Many older children these days now look after and take care of their aged parents. Unknown to many; however, Uncle Sam can reward you in the form of tax credit for such care to reduce...
Posted by Elliot Kravitz, ATP on 06/24/2021
