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Claiming a dependent on your taxes means that you can reduce your taxable income by a certain amount for each dependent you claim, such as a child or relative, who relies on you for financial support. This can lead to lower taxes or a higher tax refund.

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AnswerBot

5mo ago

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Related Questions

Do I have to claim a dependent on my taxes?

No, you are not required to claim a dependent on your taxes. It is optional and depends on your individual circumstances.


Can you file taxes in 2021 if you have no income but claim a dependent?

Yes, you can still file taxes in 2021 if you have no income but claim a dependent.


Can your daughter claim her taxes when you claim her as a dependent?

I would yes


How do you claim a non related dependent on your taxes?

If they aren't a qualified child or a qualified relative, as defined, you can't claim them.


How much claim your adult sister taxes?

Unless you totally support her and she is your dependent you can't claim her on your taxes.


Can you claim a grandparent as dependent on taxes?

You can claim them if you provided for the person the year you want to claim him or her.


Do I need to file taxes for my child if I claim them as a dependent?

Yes, you may need to file taxes for your child if you claim them as a dependent, depending on their income and other factors.


When are you eligible to claim yourself on taxes for 1040?

You are not eligible to claim yourself as a dependent on your federal taxes -- ever. However, you are allowed to claim a personal exemption for yourself if and only if no one else can claim you as a dependent, whether or not they actually claim you.


Are you responsible for someones back taxes if you claim them as a dependent?

No


If you claim as a dependent, you will pay _______ income taxes?

Less


Can anyone else claim me as a dependent on their taxes?

In general, if you are financially independent and provide more than half of your own support, no one else can claim you as a dependent on their taxes.


Will my girlfriend receive a stimulus check if I claim her as a dependent?

No, if you claim your girlfriend as a dependent on your taxes, she will not be eligible to receive a stimulus check.