Look Into the Tax Breaks for Supporting Adult Relatives

By Dana McGuffin | April 6, 2016 | Comments Off on Look Into the Tax Breaks for Supporting Adult Relatives

If you were supporting your parents or other adult relatives in 2015, tax breaks are available that could lower your taxes. You may be able to claim your relative as a dependent, deduct extra medical expenses, or use a more beneficial tax bracket. Claiming a relative as a dependent. An adult dependent’s gross income must be…

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