There are multiple reasons why you should claim someone as a dependent. Dependents are very helpful when it comes to income taxes. They can help you save thousands of dollars when paying taxes. You can also get tax credits that would not be available without dependents. In addition, you are able to write off many things such as daycare payments and medical bills.
There are two types of dependents, but each have their own set of rules. The first dependent is a qualifying child. There are multiple questions that can help you decide if you can claim a child as a dependent. Some questions include: Are they related to you? Is the age requirement met? Does the child live with you? Do you financially support them? Are you the only person claiming
There are two types of dependents, but each have their own set of rules. The first dependent is a qualifying child. There are multiple questions that can help you decide if you can claim a child as a dependent. Some questions include: Are they related to you? Is the age requirement met? Does the child live with you? Do you financially support them? Are you the only person claiming