Tag: dependents

May 31, 2024 Off

Grandparent Tax Guide: Can You Claim Your Grandchild?

By The Admiral Staff

The author advises the couple to consult a tax expert to determine if they can claim their granddaughter as a dependent, given the mother’s lack of income and their own financial situation. Generally, the custodial parent is entitled to claim the child, but if the granddaughter lived with and was supported by the couple for more than half the year, they may qualify as a “qualifying child.” Claiming her could potentially unlock tax credits and deductions like the Child Tax Credit and Child and Dependent Care Credit. Communication