Published 14 hours ago • loading... • Updated 9 hours ago

Tax Tip of the Week

Summary by The Somerville Times

By Vincent Hicks, CPA Q: Can I claim a dependent on my taxes if they’re not my child and don’t live with me? A: Surprisingly, yes! Many people don’t realize that the IRS allows you to claim certain dependents even if they’re not your child—or even if they don’t live with you. But there are some key rules to follow. To qualify as your dependent, the person must: Be a relative (such as a parent, sibling, step-relative or grandparent) OR have live…

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The Somerville Times

Tax Tip of the Week

9 hours ago

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Día a Día News

“Tax filing can affect eligibility for Obamacare and other insurance”

The financial planning and savings strategies expert explains key aspects to consider in the new tax season in the United States. The way taxes are declared in the United States can significantly affect eligibility and the level of financial assistance available for health coverage, especially the qualification for insurance subsidies under the Affordable Care Act (ACA), known as Obamacare.

14 hours ago

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