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Shamsey Oloko December 23, 2016 Dependents

Can You Claim Your Child As A Dependent On Your Tax Return?

If you support children, relatives, or even non-relatives, you may be able to claim them as dependents on your tax return. Specifically, if someone qualifies as a dependent, you may claim them on your tax return unless you or your…

Shamsey Oloko December 2, 2016 Itemized Deductions, Married Filing Jointly, Married Filing Separately, Standard Deductions

Answers to FAQs for Individuals of the Same Sex Who Are Married Under State Law

Here are some answers to frequently asked questions relating to the tax consequences for individuals participating in a same-sex marriage. *When are individuals of the same sex lawfully married for federal tax purposes? For federal tax purposes, state or foreign…

Shamsey Oloko March 28, 2016 Child and Dependent Care Credit, Child Support, Child Tax Credit, Filing Status, Income Tax, Representation, Tax Credit

Child and Dependent Care Credit Explained (26 U.S.C. §21)

Federal courts have long held that expenses incurred by taxpayers for the care of dependents, such as a daycare or babysitting expense, while the taxpayer is away from home and at work, are not deductible under I.R.C. § 162(a). However,…