A tax dependent is someone with connections to you that permits some tax deductions and credits like the head of household, the child and dependent care credit, the child tax credit,...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 03/31/2023
The IRS allows taxpayers to deduct medical expenses used by themselves, their spouses, or someone claiming them as a dependent. Although tax returns do not accept medical deductions...
Posted by Pat Raskob on 01/26/2023
E-filing has become perhaps the most popular way to file tax returns due to the convenience and faster response times it provides taxpayers. Also, it can help reduce the number of...
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
The filing status of a taxpayer depends on individual circumstances. Are you married or single? Do you have dependents? Identifying the correct filing condition is essential, as it...
Are you a new parent? Then you may want to consider these financial stepsIs there any addition in your family members or anyone you know? It is easy for new parents to overlook some...
Posted by YourIRSTaxAdvocate.com on 06/25/2019
While preparing your tax return, the first thing that is required of you is to choose your filing status. Your filling status is a determinant of many factors regarding your tax return....
Posted by Bishop & Associates CPA's, LLC on 03/08/2019
Are you planning to get married but is worried about how you’re going to be dealing with taxes once you join the married folks club? Although marriage symbolizes true love and...
Posted by Advantage Tax Service on 10/03/2018
For some people, taking care of their elderly parents is an added burden on the already difficult financial challenges they have to go through with their own families. However, very...
Posted by Abundant Returns Tax Service on 05/16/2018