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Can You Claim Your Parents as Dependents?

Can You Claim Your Parents as Dependents? - TaxACT

You know you can claim your kids on your tax return. What if you also support mom and dad? If you pay some or all of your parents’ expenses, you may qualify for dependency exemptions for them, just as you do for your children. Benefits of claiming your parents as dependents

5 Common Mistakes to Avoid On Your Tax Return

5-Common-Mistakes-to-Avoid-On-Your-Tax-Return

Are you spending countless hours organizing and preparing your income tax return? According to the IRS, the average American spends approximately 12 hours preparing a Form 1040 income tax return. With so much time invested, the last thing you want to do is make a mistake on your tax return – especially one that delays […]

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