Families grow and change all the time.
Now that you have a new dependent, you may be able to save more on your taxes as a family.
Now You Can Have This Great Information On How A New Dependent Affects Your Taxes.
- You can claim a child born anytime in 2020 on your 2020 taxes.
- You can claim adult dependents you support financially, even if they don’t live with you.
- You can claim certain credits, there are many credits available to help families with dependents. The Child Tax Credit and Credit for Other Dependents, can help with your children and relatives. (https://locallens.com/)
While there are qualifications for who you can claim as a dependent, we’ll help figure that out and make sure you get all of the advantages you deserve.
Visit our office today to speak with a Generational Wealth Specialist for this information.
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