Tag Archives: student

As a taxpayer you are able to claim exemptions for dependents, these dependents will fall under one of two categories; qualifying child or qualifying relative. By claiming dependents on your taxes you will lower your taxable income by an amount for each dependent that is equal to the exemption. For 2014 the dependency exemption was […]

Certain federal tax guidelines allows you claim children as dependents up to 23 years old. Generally you can claim children 19 years and younger, but there are a few different guidelines for full-time students. Any child that is 23 years old or younger and is a full-time student may be claimed as a dependent if […]