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New Member
posted Mar 15, 2023 12:43:40 PM

So I want file my father as a dependent although I’m not sure is it worth it. How much could I possibly receive?

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2 Replies
Level 1
Mar 15, 2023 12:49:21 PM

Since you are using Turbotax, you could work on 2 tax scenarios, using separate TurboTax files.  #1 would be using your father as a dependent and #2 would be without.  Compare the two and that will answer your question.

Level 15
Mar 15, 2023 12:53:26 PM

If you claim your dad, you may get the $500 credit for other dependents, which is not refundable.  It is used to reduce tax you may owe.   That is it.   There is no stimulus money for claiming a dependent for 2022.

 

 

 

CREDIT FOR OTHER DEPENDENTS

https://ttlc.intuit.com/questions/4499708-what-is-the-500-credit-for-other-dependents-family-tax-credit