Elderly Parents can be claimed as dependents

When you think of dependents I bet you default to thinking only children qualify as dependents for a tax return. However, if your parents are elderly and you have been caring for them you can count them as a dependent . In order to qualify you must have provided more than half of your parent or parents support in the prior tax year. Your parent must also meet the income requirements set by the IRS — which tend to change from time to time

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