Tuesday, June 15, 2010

Dependents and Exemptions

Question: Is there an age limit on claiming my children as dependents?

Answer: Age is a factor in the qualifying child test, but a qualifying relative can be any age.

As long as the following dependency exemption tests are met, you may claim him or her:

1. Qualifying child or qualifying relative test
2. Dependent taxpayer test
3. Citizenship or resident test
4. Joint return test


Additional Information:

* Publication 501, Exemptions, Standard Deduction, and Filing Information

Category: Filing Requirements/Status/Dependents/Exemptions

Subcategory: Dependents & Exemptions

For more information, contact Elite Bookkeeping & Tax Services at (800) 416-3820 or (775) 884-6188123 West Nye Lane, Suite 103, Carson City, NV 89706. Visit our website at www.elitebookkeeping.biz

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