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Non Child Dependent Relatives

You may be entitled to tax breaks if caring for an elderly relative

AGI (Adjustable Gross Income), Care for Aging Parents, Dependent Tax Credit, Itemized Deduction, Medical Deductions, Medical Expenses /

There are many rewards for taking care of an elderly relative. They may include feeling needed, making a difference in the person’s life and allowing the person to receive quality care. In addition, you could also be eligible for tax breaks. Here’s a rundown of four of them: 1. Medical expenses. If the individual qualifies as […]

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Stretch your college student’s spending money with the dependent tax credit

2018 Tax Return, Child Tax Credit, Dependent Tax Credit, Income Tax, Individual Income Tax, Tax Credits, Tax Cuts and Job Acts (TCJA), Tax Deduction /

If you’re the parent of a child who is age 17 to 23, and you pay all (or most) of his or her expenses, you may be surprised to learn you’re not eligible for the child tax credit. But there’s a dependent tax credit that may be available to you. It’s not as valuable as

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