Whether you can claim an adult child as a dependent on your taxes depends on their age, income and living situation, as well as the level of financial support you provide to them. The IRS allows ...

Discover how child support payments impact your taxes. Read on to find out if child support is taxable and learn about ...

Claiming qualifying dependents on your taxes can save you thousands of dollars. But who qualifies? This is one of the top tax questions every year since it can be difficult to apply the rules to ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary public, ...

Tax dependents are either qualifying children or qualifying relatives, and they can score you some big tax breaks. Many, or all, of the products featured on this page are from our advertising partners ...

Come tax time, you want to claim as many deductions as possible on your return to lessen your tax burden. And that includes accounting for all the dependents you’re entitled to claim. Read: 3 Ways ...

It’s my annual "Taxes from A to Z" series! If you’re wondering whether you can claim home office expenses or whether to deduct a capital loss, you won’t want to miss a single letter. Q is for ...