Claiming a dependent on taxes. In this video we discuss in detail how to claim a relative or other dependent. This is how to claim someone who doesn't live with you. Qualifying relative rules fully explained in this video. If you can can claim a relative or "Other dependent" you can receive up a $500 tax credit.
#taxes #dependent

**Please note this video is produced for educational purposes ONLY and not to be taken as legal or tax advice. I do my best to insure the accuracy of these presentations, but mistakes can be made so carefully read the forms, or consult with a professional in the area you live if you need tax assistance.**

Free handout can be found here:
https://www.dropbox.com/scl/fi/rtmdtj...

I know this video is as long as your high school math class so here are time stamps:
⌚ Time Stamps so you can jump to any point in the video
►0:00 - 1:20 Intro and discussion of free handout
►1:21 IRS Publication 501
►2:03 Instances when you CANNOT claim a dependent.
►2:51 Tests to claiming a qualifying relative.
►4:30 - 7:13 Test#1 To claim qualifying relative THEY CANNOT BE A QUALIFYING CHILD
►7:14 - 9:32 Test# 2 Member of household or relationship test
►9:33 - 11:31 Test #3 Gross Income Test
►11:32 - 14:45 Test #4 Support test.
►14:46 information in the free handout.

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