Sunday, November 4, 2007

What Is A Dependent For Tax Purposes?

What are the qualifying characteristics of a dependent for tax purposes? Following is a general explanation on how to determine dependents, and how it relates to your tax status, liability and the credits you can claim on your tax return.
There are a few assessments that a person must pass in order to qualify as a dependent on a U.S. tax return. For starters, individual must be the taxpayer?s child, stepchild, foster child, sibling or stepsibling, or a relative of one of these, and the individual must live at the taxpayer?s residence for greater than 6 months of the tax year. There are exceptions for children of divorced parents, kidnapped children, and for children who were born or died during the year.
The individual must be under the age of 19, or 24 if a View the rest of this article


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