{"id":1777,"date":"2019-06-10T14:02:57","date_gmt":"2019-06-10T21:02:57","guid":{"rendered":"https:\/\/blog.turbotax.intuit.com\/es\/?p=1777"},"modified":"2019-06-10T14:02:57","modified_gmt":"2019-06-10T21:02:57","slug":"whos-my-dependent-and-will-they-save-me-money-at-tax-time","status":"publish","type":"post","link":"https:\/\/blog.turbotax.intuit.com\/es\/uncategorized\/whos-my-dependent-and-will-they-save-me-money-at-tax-time-1777\/","title":{"rendered":"Who’s My Dependent and Will They Save Me Money at Tax-Time?"},"content":{"rendered":"

Did you just have a baby? Are you taking care of a family member? Then you may be able to get a dependent exemption worth $4,000 (this adjust up every year) for each dependent when you file your 2015 taxes. Most of us know you can claim a personal exemption for your children on your tax returns, but many people forget that they might be able to claim exemptions for elderly parents or other relatives that qualify as dependents<\/a> as well.<\/p>\n

Is it really worth it? For each dependent you can deduct $4,000 from your federal taxable income, which is likely to reduce your taxes. And if the dependent is your child, you may be able to claim the child tax credit of $1,000 and many other tax benefits for having children.<\/p>\n

Claiming Your Child
\n<\/b><\/p>\n

To be able to claim the dependency exemption the child you support has to be your \u201cqualifying child.”<\/p>\n

To be qualifying, the child doesn\u2019t have to be your biological child, but must be related to you, such as a stepchild, adopted child, brother, sister, niece, nephew.<\/p>\n

The child has to be under age 19 unless permanently and totally disabled. An exception to this rule lets you claim an exemption if the child has been a full-time student for at least five months of the year and is under the age of 24.<\/p>\n

The child must be dependent and not-self supporting, must live with you unless living with the other parent in the case of divorce or separation or temporarily absent, such as being away at school.<\/p>\n

The child must be a US citizen, US national or a resident of the United States, Canada or Mexico during the year.<\/p>\n

Claiming Relatives
\n<\/b><\/p>\n

If you support your parents or relatives, you might be able to claim a dependency exemption for them, if they pass three tests.<\/p>\n

1. The person must either be a relative or a member of your household. Relatives do not need to live with you, but non-relatives must live with you the entire year.\u00a0 The category of relatives is broad, and includes:<\/p>\n