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To qualify for the credit, you must have earned income, meaning money you earn from a job. If you live solely off investment income, such as dividends, for example, you won’t qualify. You must ...
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The Household and Dependent Care Credit is a nonrefundable tax credit available to United States taxpayers. Taxpayers that care for a qualifying individual are eligible. The purpose of the credit is to allow the taxpayer (or their spouse, if married) to be gainfully employed. [1]
While not a well-known practice, you may be able to claim the child and dependent care credit from the IRS if you paid expenses for the care of a qualifying individual. You will only be able to ...
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An assistance dog pressing a button to open an automatic door Hearing-assistance dog being patted on its head. An assistance dog is a dog that receives specialized training to aid an individual with a disability in navigating everyday life. Assistance dogs can be trained by an organization, or by their handler.
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