A tax dependent is a child or relative whose characteristics and relationship to you entitle you to claim certain tax deductions and credits on your tax return. Tax dependents can cut your tax bill considerably by making you eligible for tax breaks such as head of household filing status, the Child Tax Credit, the Credit... Tina Orem is a writer at NerdWallet.

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Topics:  child tax   tina orem   claiming   dependent   how it works   do it   tax   credit   nerdwallet   
BING NEWS:
  • Meridian Corporation Reports First Quarter 2024 Results and Announces a Quarterly Dividend of $0.125 per Common Share
    Meridian Corporation (Nasdaq: MRBK) today reported: Commercial loans, excluding leases, increased $71.6 million, or 5%, for the quarter and $137.1 million, or 10%, year over year. Total assets at ...
    04/26/2024 - 4:24 am | View Link
  • The First of Long Island Corporation Reports Earnings for the First Quarter of 2024
    The First of Long Island Corporation (Nasdaq: FLIC, the “Company” or the “Corporation”), the parent of The First National Bank of Long Island (the “Bank”), reported net income and earnings per share ...
    04/25/2024 - 10:21 am | View Link
  • How to track business expenses in 6 simple steps
    You can track business expenses in Excel by creating columns with the date, description, payment method, and amount for each expense. Then, add the totals on a weekly, monthly, or quarterly basis to ...
    04/22/2024 - 7:41 am | View Link
  • Gounardes: Working Families Tax Credit ‘still very much on the table’
    Gounardes added that the bill doesn’t have unilateral support right now, but “certainly it’s still very much on the table.” Some version of the Working Families Tax Credit could make it into the state ...
    04/15/2024 - 8:00 am | View Link
  • Georgians likely benefitted little from claiming fetuses on tax filings
    People can claim $3,000 deduction for fetuses reaching six weeks gestation – but ‘it’s abortion politics’ not tax policy, experts say ...
    04/15/2024 - 3:43 am | View Link
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