How Much Money Can a Dependent Make & Still Be Claimed on Income Taxes?
If your dependent has earned income, you may still claim them. Limits hinge on qualifying child vs. relative, with 2025 rules raising stakes and credit eligibility....
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If your dependent has earned income, you may still claim them. Limits hinge on qualifying child vs. relative, with 2025 rules raising stakes and credit eligibility....
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Don't expect much common sense from the IRS! They have their own set of rules that you had better know about when it's time for tax season. Meredith admits to some of her early mistakes in this article so that you can stay on the government???s good side....
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Understanding the difference between a qualifying child and a qualifying relative is key for tax returns. To claim the $500 Credit for Other Dependents, your adult child must meet the 'qualifying relative' criteria. ...
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Figuring out how to stretch your dollars when you're paying for childcare is no small task. Whether it's daycare, summer camp, or even adult dependent care, those bills add up fast. But here's the good news: Meredith has the inside track on a tax-saving strategy that can help soften the blow....
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Selling a home and worried about capital gains tax? Here's when reinvesting matters, when it doesn't, and how homeowners and investors can save on taxes....
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Thinking of selling a mutual fund before its capital gains payout? Learn when it cuts taxes, when it doesn't, and how to decide if the move is suitable for you....
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Confused by SDI on your W-2? Learn what the deduction means, which states require it, and how it helps replace income when you can't work....
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Inheriting an annuity? Learn how payout choices, tax rules and beneficiary status affect how much of that money you actually get to keep....
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Federal tax withholding decides whether you get a refund or owe the IRS. It all depends on how much was prepaid versus what you actually owe....
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Married couples can deduct charitable gifts only when itemizing, with documentation rules varying by donation type and amount....
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You can deduct mortgage interest without working, but without taxable income or itemizing, the break may offer no benefit....
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