Dependency Exemptions

/Tag:Dependency Exemptions

Claiming Spouse as Dependent: What is Gross Income?

By | July 25th, 2018|Categories: Potpourri of Tax Topics|Tags: , |

Image courtesy of Pixabay.com 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 [...]

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Can I Claim My Disabled Daughter as a Dependent?

By | August 15th, 2017|Categories: Potpourri of Tax Topics|Tags: , , |

Your daughter is likely your dependent. The key test is: is she providing more than ½ of her own support?

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DIY Disasters: College Kids, Their Parents and the American Opportunity Credit

By | February 1st, 2017|Categories: Potpourri of Tax Topics|Tags: , , |

What to do when your college-aged child files a tax return and claims tuition credits you were entitled to on your own return.

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Glossary: Additional Child Tax Credit

By | April 25th, 2016|Categories: Glossary, Potpourri of Tax Topics|Tags: , , , , , |

The ""Additional Child Tax Credit" is the portion of the child tax credit that is fully refundable regardless of a taxpayer's taxable income.

Glossary: Form 8332

By | February 17th, 2016|Categories: Glossary, Potpourri of Tax Topics|Tags: , , , |

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.