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Deductions & credits
Yes, your parent is a qualifying relative
https://www.irs.gov/publications/p502#en_US_2020_publink1000178873 (item c.)
for whom you provided over half of the support in 2020. You would need to look at your fathers support, and allocate their living expenses between both parents.
When determining the monetary value of the amount of support you provide, you need to consider several factors:
- Calculate lodging
- Consider the cost of food that you provide.
- Remember to include utilities, medical bills and general living expenses that you also pay.
- Compare the value of support you provide with any income, including Social Security, that your parent receives to determine whether you meet the support requirements.
Also, here is a great resource to claiming your parent as a Dependent, if meets the requirements.
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‎December 8, 2021
11:05 AM