Tag Archives: dependent care credit

Check the tax issues if you are caring for elderly parents

As the population in the U.S. continues to age, more and more people will find themselves caring for their parents. Here are some of the tax breaks that caregivers should consider. * If you provide more than half of your … Continue reading

Posted in Financial Planning, IRS Articles, Tax | Tagged , , , , , , , , , , , , | Leave a comment

Dependents: What are the tax rules?

Most taxpayers believe that a “dependent” is a minor child that lives with them. While that is essentially correct, dependents can include parents, other relatives and nonrelatives, and even children who don’t live with you. There is really much more … Continue reading

Posted in Financial Planning, IRS Articles, Tax | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment