Can You Claim Your Elderly Parent as a Dependent on Your Tax Return?
Depending on several factors you might be able to claim them. Factors include your parent’s income and how much financial support you provided. If you qualify for the adult-dependent exemption on your 2017 income tax return, you can deduct up to $4,050 per qualifying adult dependent. However, for 2018, under the Tax Cuts and Jobs […]
