Feb 19, 2019 · If no person supplied more than half of the potential dependent's support, the terms of any multiple support agreement you may have. The tool is designed for taxpayers that were U.S. citizens or resident aliens for the entire tax year for which they're inquiring. The TCJA offers the Family Tax Credit for dependents over age 16. Your dependent does not have to be your child. She can be your parent, sibling, or cousin—or not be related to you at all. She must meet all the other Internal Revenue Service qualifying rules for adult dependents, however.
Qualifying Dependent Adults. You have to provide more than 50 percent of the person's support to claim an adult dependent. Dependent adults can't have more than $3,950 in income as of 2014. To qualify, a dependent must be an American citizen or meet other resident requirements outlined in IRS . First and foremost, a dependent is someone you support: You must have provided at least half of the person’s total support for the year — food, shelter, clothing, etc. If your adult daughter, for example, lived with you but provided at least half of her own support, you probably can’t claim her as a dependent.
Because it could save you thousands of dollars on your taxes. For tax years prior to 2018, every qualified dependent you claim, you reduce your taxable income by the exemption amount, equal to $4,050 in 2017. This can add up to substantial savings on your tax bill. That means the adult dependent tax credit is gone until that time. The law raised the standard deduction to $12,000 for individuals and $24,000 for married couples, nearly doubling the former amount.
Module 4: Dependents. A dependent is a person other than the taxpayer or spouse who entitles the taxpayer to claim a dependency exemption. Each dependency exemption decreases income subject to tax by the exemption amount. For 2014, the exemption amount is $3,950. A taxpayer cannot claim a dependency exemption for a person who can be claimed as. It is a tax credit for expenses an individual or family incurs for the care of a dependent (or other qualified relative) so that the taxpayer(s) are free to work or actively search for a job. Home care or adult day care costs are examples of expenses that are eligible for this credit.