How to claim a child as a dependent on taxes.

Best Rules for Claiming a Dependent on Your Tax Return

Before you get started with your taxes this year, you’ll have to figure out if you can claim the dependent living with you. A dependent can be broken down into 5 main areas which we will discuss on this article. Be sure to go through each scenario to see if your situation qualifies.

Can I claim my child as a dependent?

There are 5 tests that must be met for a child to be considered your qualifying child.

  1. Relationship
  2. Age
  3. Residency
  4. Support
  5. Joint Return

Read moreBest Rules for Claiming a Dependent on Your Tax Return

How to claim a dependent on your taxes.

How to Claim Your Dependent Relative

Many people are curious as to who qualifies as a dependent on a tax return. I get questions like:

  • Can I claim my college students?
  • Is a spouse a dependent?
  • Can I claim my girlfriend on my taxes?

These are just a few of the must common questions asked. On today’s article I will explain who qualifies as a dependent on your taxes this year.

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Do I have to pay taxes on my hobby?

Is Your Side-Hustle a Hobby or Business for Taxes?

Have you started your side-hustle or thinking about starting one? If so, it’s time to determine how to turn your side-hustle from hobby to business.

Whether you’re an online influencer, travel blogger, artist or musician, you need to know your status and if the IRS recognizes your hobby as a business. This is important in determining if you need to file taxes.

So, let me explain the difference to you!

Read moreIs Your Side-Hustle a Hobby or Business for Taxes?