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What are the qualifications for claiming a person as a Dependent or a Qualifying Child on my return?

Individuals who rely on you for support and reside in your house generally qualify for dependent tax exemptions. However, there are situations when a child's exemption status is more complicated. The IRS has special rules...

Which boxes should I check when entering my dependent's information?

of the checkboxes should be marked when you are entering your dependent information into your account with TaxSlayer. Check if this person was a FULL-TIME STUDENT: The IRS defines a full-time student as a student who is enrolled for the number......

What if I am claimed as a dependent on someone else's return?

If you are claimed as a dependent on another tax return, you are required to report to the IRS that you can be claimed as a dependent on another tax return. To accomplish this, from the Basic Information of the return, select Personal...

Form 8332 - Claiming a dependent who did not live with you

Generally, to claim a child as a dependent, that child had to live with you for over half the year. If the child did not live with you at all during the year, it is typically the case that someone else (usually the custodial parent...

Form 8853 - Long Term Care (LTC) Insurance Contracts: What is "Qualified"?

Qualified LTC Contracts A qualified long-term care (LTC) contract is a contract issued: After December 31, 1996 that meets the requirements of section 7702B (see below), including the requirement that the insured must be a chronically ill...

What do I do if either I or my spouse is claimed as a dependent on someone else's return?

If someone else intends or has claimed the Taxpayer as a dependent, the Taxpayer must check the box marked " Check here if the Taxpayer can be claimed as a dependent on someone else's return ". This check box can be found in the Personal...

Arkansas Early Childhood Program

Arkansas allows an Early Childhood Credit for individuals with a dependent child placed in an approved child care facility while the parent or guardian worked or pursued employment. This credit is equal to 20% of the federal Child Care...

How do I know if the person I paid for childcare qualifies?

your share of the employment taxes paid on wages for qualifying child and dependent care services. If you pay someone to look after your dependent or spouse in your home, you may be a household employer. If you are a household employer, you...

Are My Child's Summer Camp Expenses Tax Deductible?

and Dependent Care Credit is available for expenses incurred during the summer and throughout the rest of the year. 1. The cost of day camp may count as an expense towards the child and dependent care credit. 2. Expenses for overnight camps...

Please explain all of the credits that are available related to me and my family.

Child and Dependent Care Costs: If you paid someone to care for your child who is under age 13 (such as daycare), you may be able to reduce your tax by claiming the Credit for Child and Dependent Care Expenses. You can also claim...