Claiming someone as a dependent is a type of tax exemption that can save you can thousands of dollars on your taxes. For 2015, a dependent can save you up to $3,900. If you have multiple dependents this can add up to a significant amount of money.
Additionally, you can write off many expenses associated with having a dependent, such as childcare expenses, medical expenses, and other itemized deductions involving children or family issues.
The IRS has rules that cover almost every single type of dependent, but they can generally be broken down into two categories: Children and Others.
If you have a child, you may be able to claim them as a dependent if they meet the following requirements:
Children are not the only people you can claim as a dependent. Others who may qualify include parents and even people not even related to you, such as an unmarried partner, if they meet the following requirements:
It is unsurprising that many people need professional help when it comes to doing their taxes, since tax law can be very complicated and confusing. As there are many different exceptions and exemptions, it is best to consult with a tax attorney or a CPA, in order to see if you can claim someone as a dependent. Luckily, you can claim the cost of consulting with someone about preparing your taxes as a tax deduction!
Last Modified: 07-01-2015 03:52 PM PDTLaw Library Disclaimer
We've helped more than 4 million clients find the right lawyer – for free. Present your case online in minutes. LegalMatch matches you to pre-screened lawyers in your city or county based on the specifics of your case. Within 24 hours experienced local lawyers review it and evaluate if you have a solid case. If so, attorneys respond with an offer to represent you that includes a full attorney profile with details on their fee structure, background, and ratings by other LegalMatch users so you can decide if they're the right lawyer for you.