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Each tax season, people look for tax deductions and credits to either lower their balance or increase their refund. One rather obscure deduction: A partner can be claimed as a dependent if they ...
Domestic partnerships became less common after the Supreme Court ruling that legalized same-sex ... according to the Society for HR Management — unless your partner qualifies as a dependent, ...
Having trouble deciding if your Uncle Jack, Grandma Betty or daughter Joan qualifies as a dependent? Here's a cheat sheet to quickly assess which of your family members you can claim on your tax ...
There are some exceptions that allow for tax-free domestic partner benefits, such as for a domestic partner that qualifies as a dependent under Internal Revenue Code Sections 152(a)(9) through 152(b)(5), a certification and annual recertification that the support and relationship tests of section 152(a)(9) are met, and the relationship between ...
A "dependent" for these purpose includes grandchild and step-grandchildren, not just children and stepchildren. [13] Filing as a head of household can have substantial financial benefits over filing as a single status taxpayer. As a head of household, one may obtain a more generous tax brackets and larger standard deductions. [14]
Personal exemptions; dependent defined 161–199: Deductions, including interest, taxes, losses, and business related items 211–224: Itemized deductions for individuals 241–250: Deductions unique to corporations 261–291: Nondeductible items, including special rules limiting or deferring deductions 301–386
The IRS defines two types of people that you can claim as a dependent on your taxes: “qualifying children” and “qualifying relative.” A qualifying child does include anyone who is your ...
Here's what you should know about filing taxes this year and beyond as a single or divorced parent.