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Tax strategy question: paying parents rent while not live with them.
I am a NY resident living/working in va and paying my own rent around $1.2K with annual salary of $75K, I pay VA non-resident tax and taking a credit for taxes paid to VA for NY portion this year 2016
My parents lives in NY, I pay their rent for around $1.5K + utilities per month for the year 2017. My mother annual income is around $23K. My father is not working. They are both in their 50's. They file tax jointly. I file as single this year 2016
What tax incentive/strategy do I have for the year 2017 if I change tax filing status of mine and my parents?
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May 31, 2019
7:03 PM