Income Tax 101: Updated Regulations for Claiming Dependents
Posted by GuestPoster on 29 Jul 2012 | Tagged as: Advice
People have been claiming others as dependents on their taxes in order to reduce their tax liability and take advantage of many tax credits. At one time, you could count someone as a dependent as long as they were someone you cared for. However, the laws have changed and the people you count as a tax dependent has changed. The following are the updated regulations for claiming dependents.