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Education
The issue is not whether it is beneficial to your parent's to claim you as a dependent, but whether or not you qualify as their dependent. When you fill out your tax return, you have to indicate is someone CAN claim you as a dependent, not whether they did or will claim you. If your parent's do claim you, they may be eligible for the $500 Credit for Other Dependents. For more information on this credit, click on the following link:
What is the $500 Credit for Other Dependents (“Family Tax Credit”)?
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February 6, 2023
11:37 AM