In-Depth Look at Extended Families and Their Potential Tax Perks [INFOGRAPHIC]

September 12, 2015 : H&R Block

Think a tax dependent has to be younger than you? Think again. In honor of Grandparent’s Day, we took a look at multigenerational families that live together in the U.S. That could be grandparents caring for grandchildren, children caring for parents and anything in between. Besides the intangible benefits that might come from living with families members, there are some definite tangible ones too. If you live at home, you might save money when it comes to rent or utilities. If you support family members, you might reap the benefit of claiming them as a dependent on your tax return. Read on for more details!

Click to view larger image

Like this infographic? Use the code below to embed it on your site:

Related Topics

H&R Block

H&R Block