Bookkeeping

Claiming An Aged Mother Or Father Or Relative As A Dependent

This means preserving receipts for groceries, utility payments if the parent lives with the taxpayer, rent funds, medical bills, and medical insurance premiums. Documentation helps demonstrate that the taxpayer offered greater than half of the parent’s complete assist. The Credit Score for Other Dependents (ODC) provides a $500 non-refundable credit for qualifying dependents who don’t …

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