Tag Archives: dependent children

Tax Dependents

One of the easiest ways to increase your tax benefits at the time of taxation is to claim a dependent for a child or adult. You can save some of the tax you owe, because certain dependents or a certain age and relationship can reduce your tax liability. You can claim the child tax credit, […]

When tax season approaches, one of the most common terms you’ll hear is “dependent”. That’s because many credits and deductions, as well as which filing status you’re eligible to use, relate directly to whether you claim dependents, and if so, how many. First, you’ll need to understand the qualifications necessary to be considered a dependent. […]

Raising children on your own isn’t easy. Single parents can use any help they can get, which is why, at tax time, there are certain tips that can come as a welcome relief. When filing your tax return as a single parent, consider the following eight points: Head of Household Status – if your children […]