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.
Learn more about tax breaks for volunteering with the experts at H&R Block. The rules may surprise you.
As end-of-year approaches, taxes owed can become a major headache. Plan ahead by considering 529 Tax Deductions and other end-of-year savings options.
Can you claim a loss on the sale of your home on your tax return? Learn more from the tax experts at H&R Block.
How can you file for a business cell phone deduction? Learn more from the tax experts at H&R Block.