What Is A Dependent For Tax Purposes?

What are the qualifying characteristics of aany of the applicable deductions, exemptions, and
dependent for tax purposes? Following is a generalcredits can be used for them. Some of these include
explanation on how to determine dependents, anddependent day care expenses, child tax credits,
how it relates to your tax status, liability and themedical expenses, earned income credit, and various
credits you can claim on your tax return.itemized deductions. Determining eligibility often
There are a few assessments that a person mustmeans the difference between owing money to the
pass in order to qualify as a dependent on a U.S. taxgovernment and receiving a refund from them.
return. For starters, individual must be the taxpayer?sThe child and dependent care expenses cover things
child, stepchild, foster child, sibling or stepsibling, or alike daycare, after school programs, private childcare
relative of one of these, and the individual must liveservices, etc. Any qualifying children the child and
at the taxpayer?s residence for greater than 6dependent care expenses must be under the age of
months of the tax year. There are exceptions for13.
children of divorced parents, kidnapped children, andThe child tax credit is similar to the earned income
for children who were born or died during the year.credit because it is a straight credit. Taxpayers with a
The individual must be under the age of 19, or 24 if aqualifying dependent that is under 17 years old may
full-time student. Finally, the individual must not haveonly take the child tax credit.
contributed more than one-half toward his or herDetermining if you have any dependents that you
own support during that year in order to qualify as acan claim on your annual tax return might take a little
dependent. Other qualifying points include, U.S.work, but it can be well worth it in the long run. You
citizenship and single status or married filing as a singlecould be rewarded with a nice tax refund, thanks to
person.the credits, exemptions, and deductions that your
If the individual fulfills all of these requirements, thendependent(s) will give you the opportunity to claim.