How Your Kids Can Boost Your IRS Refund | Tax Stories of the Jacksonsville Princess
Register | Login

IRS Refund
A considerable amount of tax can greatly help with your tax return upon declaring your legal dependent. Not only will it boost your own exemption but it can also make you eligible for other tax benefits. You can certainly avail of the child tax credit once you have claimed a legal dependent. Keep in mind that the IRS has restrictions or standard qualifications as to whom you can claim as a legal dependent. Never presume that any person or anybody living in your house directly qualifies as a legal dependent.
What is a Legal Dependent?
In general, a dependent is a person who relies on you for more than 50% of his or her finances. He may have an income from a source or totally depending from the help you are giving. But for the IRS, a legal dependent can be your child or anybody that you are … Read the restThe post How Your Kids Can Boost Your IRS Refund appeared first on 2013 Taxes And 2014 Taxes.

Who Voted for this Story


Comment On Facebook


Pligg is an open source content management system that lets you easily create your own social network.

Username:

Password:

Remember:
Saved Stories

Total online users: 0