By Philip Taylor of TurboTax Blog
As we all switch gears and begin to think about how much fun it will be to sit down and file our 2017 tax returns soon (by Tuesday, April 17th for most of us), The Distillery also switches gears and highlights an increasingly common question among clients with parents living at home. “Can I claim a parent as a dependent?”
Enjoy!
For that time in a person’s life when he or she begins to take care of their parent, it is important to know that the IRS allows those individuals to claim their parents as dependents on their tax return. As is the case with anything tax-related, you’ll have to meet the requirements…Read More