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 How to Deduct Parents As Dependents on Taxes?

Answer If you're helping your aging parents, you may be able to claim them as a tax deduction. Even if you take the standard deduction instead of itemizing expenses, you can still claim an exemption for y... Read More »
http://www.ehow.com/how_7351504_deduct-parents-dependents-taxes.html

Top Q&A For: How to Deduct Parents As Dependents on Taxes

Taxes and the Number of Dependents?

A dependent is a spouse, child or family member for whom a taxpayer is financially responsible. Each year, the federal government allows deductions and credits to alleviate the tax burden for eligi... Read More »
http://www.ehow.com/facts_6836804_taxes-number-dependents.html

How to Claim the Elderly As Dependents on Taxes?

When certain requirements are met, people can claim the elderly as dependents on their federal taxes. The Internal Revenue Service requires that the person either be related to you or live with you... Read More »
http://www.ehow.com/how_7365894_claim-elderly-dependents-taxes.html

How to File Taxes With Dependents?

In 2009, each dependent listed on your personal tax return, form 1040, provided an exemption of $3,650. This exemption reduced your taxable income, which in turn reduced your tax liability for the ... Read More »
http://www.ehow.com/how_6549671_file-taxes-dependents.html

Who Can Claim Children As Dependents on Federal Taxes?

Federal tax rules stipulate six tests that must be met in order to claim a child as your dependent on your income tax Form 1040, according to Publication 17 posted on the IRS.gov website. Each depe... Read More »
http://www.ehow.com/about_7368471_can-children-dependents-federal-taxes_.html


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