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DamLeon123 02-05-2025 02:49 PM

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?

DogJuiceMan 02-07-2025 08:25 PM

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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