Tax & Dependents

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Do You Have to Be Legally Married to Claim Your Boyfriend on Your Taxes?

Being married has its benefits come tax time: not only can you file a joint return, you can also claim an additional exemption for your spouse. If you're not married, you can't file a joint return with your boyfriend. You might be able to claim him on your taxes as a dependent, ...

Amount of Tax Credit for Adult Dependents

Although most dependent tax credits are claimed by parents who care for a child, some situations enable you to claim an adult as a dependent. There are several qualification requirements that the Internal Revenue Service imposes, but if the dependent qualifies, claiming an ...

Tax Breaks Parents Lose When Children Become 17

According to the U.S. Department of Agriculture, the cost to raise a child from birth to age 18 for a middle-income, two-parent family was $226,920 as of 2011, not including college expenses. That was an increase of 40 percent over the previous 10 years. To help offset these ...

What Is the Amount a Working Child Can Make to Be Used as a Parent's Deduction?

The amount a child can make depends on whether you're claiming him as a qualifying child or a qualifying relative. The qualifying child requirements are less stringent than those for claiming a qualifying relative, but you can only claim your kid as a qualifying child until the ...

Shared Custody and a Child Care Tax Deduction

Divorce – particularly divorces involving children – typically complicates tax issues. Individual states determine their own divorce and custody laws, while the Internal Revenue Code, which governs taxes, is federal legislation. However, federal law supersedes state ...

Can I Take My Grandchildren Who Live With Me as a Deduction?

Claiming dependents on your tax return reduces your taxable income for the year, helping to increase your tax refund or at least decrease what you owe. Grandchildren meet the relationship test for claiming them as a dependent, but there are several other tests that must be met ...

Can I Take a Federal Tax Deduction for My Son While He's Away at College?

Each exemption that you claim allows you to deduct a certain amount from your taxable income for the year. For example, in 2012, claiming your son who is away at college as your dependent would reduce your taxable income by $3,800. However, to claim him, he has to meet either ...

How to Revise a Federal Tax Form for Dependent Claims

Internal Revenue Service Form 1040X amends your tax return to correct your filing status and earned income, as well as the deductions, credits and dependents you originally claimed. In instances where you discover you should revise miscalculations or submit documentation to ...

Are a Child's SSI Payments Taxable?

Although the Internal Revenue Service considers nearly all money a taxpayer receives as taxable income, a child’s Supplemental Security Income is one of the exceptions to that rule. SSI payments, to either adults or children, aren’t taxable, and aren’t reported ...

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