Tax & Dependents

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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 ...

Do I Have to Pay Taxes on My Minor Child's Alaska Permanent Fund Dividends?

A 1976 amendment to the Alaska state constitution created a permanent investment account to be funded by a portion of the state's yearly oil revenues. This fund would generate a dividend -- the Permanent Fund Dividend, or PFD -- to be paid annually to all qualifying Alaska ...

How to Claim a Newborn on a Tax Return

Raising a child is estimated to cost a family approximately $235,000 over 17 years. The federal government has taken steps to alleviate the financial burden imposed by children by providing tax benefits for children. These tax benefits are available to families beginning in the ...

Can a Married Person Filing a Joint Return Be Claimed as a Dependent?

The IRS allows you to claim a dependent exemption for your qualifying child or qualifying relative who lives with you, to reduce your tax burden. In certain circumstances, you can claim a person as a dependent even if she is married and files her own joint return. In order for ...

How to Determine Who Gets the Dependent Deduction for a Divorced Parent

Each child you can claim as a dependent lowers your taxable income for the year, thereby decreasing the amount of taxes you owe or increasing your refund. It's no wonder divorced parents often dispute who gets to claim the child as a dependent. To deal with these disputes, the ...

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 ...

Are VA Survivor Benefits Taxable?

The spouse and dependents of a decreased veteran can apply for Veterans Administration survivor benefits. Beneficiaries can go to the VA website and apply online. Once approved, the VA provides pensions, education and health care benefits. The VA loan guarantee program can help ...

What Deductions Can I Use When Supporting a Grandchild?

If your grandchild meets the dependency and residency requirements for a qualifying dependent, the Internal Revenue Service allows you to take the same tax benefits that you would if your grandchild was your child. By claiming your grandchild as a qualifying dependent, you may ...

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