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There is no such thing as a "living expense" credit. However there is a dependent credit that may be claimed for you if the certain requirements are met. If you earned less than $4050 in 2017 and you meet all the other requirements, you may qualify to be claimed as a qualifying relatives.
Who qualifies as a dependent?
The IRS rules for qualifying dependents cover just about every conceivable situation, from housekeepers to emancipated offspring.
Fortunately, most of us live simpler lives. The basic rules will cover almost everyone. Here’s how it all breaks down.
There are two types of dependents, each subject to different rules:
For both types of dependents, you’ll need to answer the following questions to determine if you can claim them.
There is no such thing as a "living expense" credit. However there is a dependent credit that may be claimed for you if the certain requirements are met. If you earned less than $4050 in 2017 and you meet all the other requirements, you may qualify to be claimed as a qualifying relatives.
Who qualifies as a dependent?
The IRS rules for qualifying dependents cover just about every conceivable situation, from housekeepers to emancipated offspring.
Fortunately, most of us live simpler lives. The basic rules will cover almost everyone. Here’s how it all breaks down.
There are two types of dependents, each subject to different rules:
For both types of dependents, you’ll need to answer the following questions to determine if you can claim them.
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