A couple of weeks ago I wrote a post about whether or not a married couple can choose to file a separate return where one spouse claims the other spouse as a dependent. The answer is yes, if the spouse being claimed as a dependent: Has no gross income, and Isn’t filing a tax return, […]
Your daughter is likely your dependent. The key test is: is she providing more than ½ of her own support?
What to do when your college-aged child files a tax return and claims tuition credits you were entitled to on your own return.
Form 8332 is a tax form signed by a custodial parent to release their claim to a dependency exemption for a child and give it to the non-custodial parent.
Couples in same-sex marriages have been able to file federal taxes as married since 2013, but questions still arise. Here’s a recent question from a reader: if I’m in a same-sex marriage, can I claim my spouse as a dependent? The answer to this question is: no.
The tax brackets stop at $0 of taxable income — having taxable income below $0 doesn’t mean your tax liability is a negative number or that the government “pays you more money.”