TaxAudit Blog

Tag: dependent

Father and son baking cookies

You received an IRS CP87A because someone else filed a tax return and claimed the same dependent or qualifying child that you claimed on your tax return.

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Little girl writing in a notebook

Can Grandparents take a deduction for paying the preschool tuition costs when the child still lives with the parents? To qualify you must meet the following.

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College add daughter moving out of parent's house

To claim a dependent on your tax return (and all the credits that come with that dependent), your child must meet a set of requirements.

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Man thinking holding a notepad

You cannot claim yourself as a dependent. It can be helpful for you find out who actually can claim you as a dependent and whether or not they intend to do so.

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woman helping elderly woman

You can likely deduct your out-of-pocket assisted living expenses on your Form 1040 tax return. But, as always, there are some conditions that have to be met.

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Father sitting on a couch next to adult son looking at a tablet

As with most tax questions, the answer to this question can be a little complicated. Dependent adult children will fall into one of two categories.

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Two Preschoolers Reading

The 2021 expense limit for this credit is $8,000 for one qualifying child, and $16,000 for two or more qualifying children. The credit is a % of those expenses.

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preschool boy with his thumbs up

Under certain circumstances you can indeed claim a tax benefit for preschool tuition - called the Child and Dependent Care Expenses tax credit.

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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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