How long does a person have to maintain residency with you before you are entitled to claim that person as a qualifying dependent?
The residency test for a dependent looks at the amount of time a person lives with you in a single tax year. To be a qualifying child, the person must live with you for more than half the year. To be a qualifying relative, the person must live with you the entire year, unless you meet a certain relationship dependency test.
What is a closing disclosure? When you buy a house, you will receive a closing disclosure that can benefit you at tax time. Learn more at H&R Block.
Head of household is a filing status for single or unmarried taxpayers who have maintained a home for a qualifying person, such as a child or relative. This filing status provides a larger standard deduction and more generous tax rates for calculating federal income tax than the Single filing status.
Unfortunately, the cost of your engagement ring can't be deducted as a write-off on your personal income taxes. H&R Block tax pros explain why.
Trying to determine the cost of tax preparation or H&R Block’s prices? Find out why there is no one-size-fits-all answer when it comes to tax prep.