TaxAudit Blog

Tag: dependent

Custody

My grandson is in my custody and his mom allowed another person to carry him on taxes..my taxes were rejected. What should I do next?

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Father and daughter holding hands

Having custody does not determine who can claim a child as a dependent. The IRS will look to who can prove the child lived with them most of the year.

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Economic Impact Payment Check from IRS surrounded by money

If you didn't receive an Economic Impact Payment and meet the requirements, you can still receive the payment when you file your 2020 federal income tax return.

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1040 tax return with green pen laying on it

From a tax standpoint, a relationship that is established by marriage, such as your relationship with your mother-in-law, does not end with divorce.

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teacher with students in a library

If the taxpayer has costs for after school care of a qualifying dependent, those costs may provide some tax benefits. Let's explore these tax benefits.

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Money being handed over

While increasing allowances leaves you with more available funds throughout the year, it will have a rippling effect and your tax refund will decrease.

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Victory

Here is a list of some of the taxpayers who will generally benefit from the new tax law.

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tablet with tax words displayed on it

Many people will likely owe extra money as a result of inadequate withholding because the new withholding tables were not accurate.

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Woman on the phone holding nephew

When more than one person wants to claim a child on their tax return, sorting it out becomes complicated. Not only are there five tests to meet for a child...

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Independent Contractor written on a blue note of paper

The IRS encourages all businesses and business owners to know the rules when it comes to classifying a worker as an employee or an independent contractor.

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Child and Dependent Care Credit

The Child and Dependent Care Credit is available to help offset some expenses of childcare or daycare costs.

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Woman in white sweater

I have a question about a head of household. My ex-husband passed away, which left his mother needing someone to care for her. I took her into my home…

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