Once you begin preparing your taxes, it won\u2019t be long before you begin to question who you can claim as a dependent. It\u2019s important to know who qualifies, because each dependent can save you a little extra by way of an exemption \u2013 a set amount deducted directly from your taxable interest. The dependent exemption is in addition to your own personal exemption.<\/p>\n
According to the IRS, a dependent is someone who relies on you for support. Support is defined as having provided at least 50% of that person\u2019s sustainability for the year \u2013 including food, shelter and clothing. Just residing in your home is not enough to claim the person as your dependent, necessarily.<\/p>\n
General Rules for Dependents<\/u><\/strong><\/p>\n Typically, dependents tend to be a child or other relative, though it\u2019s not required. While children and relative each have their own rules, it\u2019s imperative that any dependent meet these basic general rules:<\/p>\n Rules for Child Dependents<\/u><\/strong><\/p>\n In addition to the general rules above, taxpayers who wish to claim a child as a dependent must follow these rules:<\/p>\n Rules for Relative Dependents<\/u><\/strong><\/p>\n In order to claim another relative other than a child as a dependent there are three more requirements that must be met:<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Once you begin preparing your taxes, it won\u2019t be long before you begin to question who you can claim as a dependent. It\u2019s important to know who qualifies, because each dependent can save you a little extra by way of an exemption \u2013 a set amount deducted directly from your taxable interest. The dependent exemption […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[120],"tags":[46,47,20,71],"class_list":["post-781","post","type-post","status-publish","format-standard","hentry","category-dependents-2","tag-child","tag-children","tag-dependent","tag-dependents"],"yoast_head":"\n\n
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