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Taxes and dependent
I was wondering if I were to put my elderly mom as dependent where all this is met:
A parent may qualify as a dependent*if their gross income doesn't exceed $5,050 for tax year 2024 ($4,700 for 2023) and the support you provide exceeds their income by at least one dollar during the tax year. Will it affect her negatively when she does her taxes? |
Re: Taxes and dependent
Leon pookie, this isn't a Tax forum any advice you'd get is likely going to fail you and lead to trouble. Get a tax professional you trust, king.
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