As the April 18, 2023 tax return filing deadline nears, many Americans are trying to get their tax situation in order. Given that many people will have more tax liability this filing season, such as ...

Did your kids get a taste of the real world and decide that living off Mom and Dad was not so bad after all? Cheer up… you may still be able to claim them as dependents on your taxes. Dependents can ...

You can claim adults as dependents in certain cases, even if they’re not a relative, if they meet the IRS criteria. Here’s how to know if someone qualifies and what tax credits you could receive. Try ...

Each tax season, people look for tax deductions and credits to either lower their balance or increase their refund. One rather obscure deduction: A partner can be claimed as a dependent if they pass ...

Most parents claim their children as dependents on their taxes, but now an increasing number of Americans are claiming their parents, according to a recent survey. More than 54% of Americans aged 25 ...

The Internal Revenue Service requires you to pay taxes as you earn income. If you’re self-employed and you overpaid your quarterly taxes, or if you’re an employee and withheld too much from your ...

Claiming dependents on your taxes is usually a fairly straightforward procedure, but in some cases, more than one person (or couple filing jointly) will claim someone as a dependent, muddying the ...

The American Rescue Plan boosted 2021 tax returns for millions of working families. However, the 2022 tax year will be a return to the norm, and dependent tax deduction rules are no exception. A ...

As the back-to-school season kicks off and college students begin their fall semester, now is the perfect time to consider the financial implications of your child heading off to college. The decision ...

Katie covered all things how-to at CNET, with a focus on Social Security and notable events. When she's not writing, she enjoys playing in golf scrambles, practicing yoga and spending time on the lake ...

ROCHESTER, N.Y. – Are you giving Uncle Sam too much money? You might be if you forget to declare all your dependents. Remember for tax purposes, a dependent child is either younger than 19 or a ...