Who Can You Claim As a Dependent on Your Taxes?

May 6, 2012 by  | Leave a Comment Filed under: Taxes 

A dependent can be a valuable addition to your tax return, decreasing your tax liability and maybe even earning you a refund. Every tax season, however, there is confusion about who exactly qualifies as a dependent. Many people don’t realize that there are actually two different types of (read on...)



IRS Regulations on Dependency

November 22, 2011 by  | Leave a Comment Filed under: Taxes 

Claiming a dependent on your tax return can greatly reduce one’s tax liability. Having dependents increases the exemption amount claimable, hence reducing one’s taxable income, and by extension, tax burden. Dependents also qualify one to enjoy tax benefits such as child and dependent (read on...)

Important Tax Law Change That Affects Those That Have Children and Are Divorced Or Separated

February 27, 2010 by  | Leave a Comment Filed under: Taxes 

Domestic relationships have changed in a revolutionary fashion between the beginning of the 20th and 21st centuries. From extended families, to nuclear families, to single parent households where the parents were never married, nor ever intended to get married, and finally to same-sex (read on...)