enow.com Web Search

Search results

  1. Results from the WOW.Com Content Network
  2. Head of household - Wikipedia

    en.wikipedia.org/wiki/Head_of_Household

    Usually have a qualifying person who lived with the head in the home for more than half of the tax year unless the qualifying person is a dependent parent Advocates of the head of household filing status argue that it is an important financial benefit to single parents, and particularly single mothers, who have reduced tax burdens as a result ...

  3. Can You Claim an Adult as a Dependent? Here’s What You Need ...

    www.aol.com/claim-adult-dependent-know-160130508...

    What’s more, even a qualifying person still can’t be claimed as a dependent if they’re filing a joint return or don’t meet the residency requirements — and you can’t claim a dependent ...

  4. If you are a parent working outside the home, you need to ...

    www.aol.com/parent-working-outside-home...

    Who is a “Qualifying Person" (QP)? Typically, it is most often a child under 13 who you can claim as a dependent. If the child turns 13 during the year, the child is a qualifying person for the ...

  5. Tax Filing: Head of Household Versus Single

    www.aol.com/tax-filing-head-household-versus...

    This person qualifies for head of household filing status. Opting to use this status rather than the single filing status moves the parent into more favorable tax brackets for tax year 2023 (which ...

  6. Filing status - Wikipedia

    en.wikipedia.org/wiki/Filing_status

    There are five possible filing status categories: single individual, married person filing jointly or surviving spouse, married person filing separately, head of household, and qualifying widow(er) with dependent children. [1] A taxpayer who qualifies for more than one filing status may choose a status. [3]

  7. Personal exemption - Wikipedia

    en.wikipedia.org/wiki/Personal_exemption

    The general rule is that a personal exemption may be taken for a dependent that is either a qualifying child or a qualifying relative. § 152(a). However, there are several exceptions to this rule. Taxpayers who are claimed as dependents of others cannot themselves claim personal exemptions for their qualifying dependents. § 152(b)(1).

  8. What To Know About Tax Form 2441: Child and Dependent Care ...

    www.aol.com/know-tax-form-2441-child-130035603.html

    Part 2 — Credit for Child and Dependent Care Expenses: In section two, the taxpayer gives details about the qualifying person(s), including name, Social Security number, age and qualifying ...

  9. Child and Dependent Care Credit - Wikipedia

    en.wikipedia.org/wiki/Child_and_dependent_care...

    The Household and Dependent Care Credit is a nonrefundable tax credit available to United States taxpayers. Taxpayers that care for a qualifying individual are eligible. The purpose of the credit is to allow the taxpayer (or their spouse, if married) to be gainfully employed. [1]