Sentences with phrase «as a dependent on one's tax return»

Additionally, a dependent exemption is allowed for each child claimed as a dependent on the tax return.

Wondering if you can claim a child or relative as a dependent on your tax return?

What are the rules for claiming my spouse as a dependent on my tax return?

But you can't just claim anyone you support financially as a dependent on your tax return.

So claiming someone as a dependent on your tax return may help you recoup some of the costs of supporting this individual.

Can you claim farm animals or pets as dependents on your tax return?

He or she must be claimed as a dependent on your tax return.

One unmarried parent (but only one parent) can claim the child as a dependent on tax returns.

You can continue to claim your child as a dependent on your tax return if he or she lived with you for a longer period of time during the year than with your ex-spouse.

Under certain limited circumstances, you may be able to claim your parents as dependents on your tax return, says James Smith, CPA at Smith, Jackson, Boyer & Bovard in Dallas.

TurboTax will ask you simple, plain - English questions about your family and will determine for you who qualifies as a dependent on your tax return, so you can be sure you're getting the biggest refund you deserve.

For tax years prior to 2018, federal tax law allows you to claim a child tax credit of up to $ 1,000 for each qualifying child you claim as a dependent on your tax return.

Exemptions for dependents You can continue to claim your child as a dependent on your tax return if he or she lived with you for a longer period of time during the year than with your ex-spouse.

In order to qualify for the Head of Household filing status, you are required to claim your child or relative as a dependent on your tax return (exception: if you released a claim for exemption for child).

You can claim a non-citizen child as a dependent on your tax return, which would entitle you to the exemption, if the child meets the IRS definition of a «qualifying child.»

However, if somebody else can list you as a dependent on their tax return, you are not permitted to claim a personal exemption for yourself.

However, by the IRS rules, only one parent may claim a child as a dependent on a tax return, and divorced couples can't file «married, joint» returns.

I'm trying to weigh the cost of not claiming him as a dependent on my tax return against this potential upside — but I want to be sure the upside is real first.

Once your parents claim you as a dependent on their tax return, your parents will also claim all scholarships, grants, tuition payments, and your 1098 - T on their tax return.

If someone is your Qualifying Child, then you can claim them as a dependent on your tax return.

However, if somebody else can list you as a dependent on their tax return, you are not permitted to claim a personal exemption for yourself.

If you become financially responsible for your parents, you may be able to claim them, as well as your children, as dependents on your tax returns.

A reference to the Social Security cards needed by any child you claim as a dependent on your tax return.

If account holders can't claim a child as a dependent on their tax returns, then they can't spend HSA dollars on services provided to that child.