Before Filing Your Taxes this Year:
Ever Considered Claiming Your Elderly Parent as a Dependent?
Being a caregiver takes so much out of you. It takes more than just your energy, tender touch and time. Think about all the money that you might have donated to help maintain your loved one. You are not alone if you have never considered the possible tax relief claiming your elderly parent as a dependent. This year be sure to talk to your tax professional about how you may be able to claim your parent as a dependent on your 2015 income taxes. Imagine the adjustment in your return if your tax professional determines you get an exemption for your Mom/Dad. There are certain criteria that must be met In order to claim your elderly loved one as a dependent on your taxes.
Learn more of the IRS Guidelines on Claiming your Elderly Parent as a Dependent by visiting: https://turbotax.intuit.com/tax-tools/tax-tips/Family/Steps-to-Claiming-an-Elderly-Parent-as-a-Dependent/INF19455.html