By | February 23, 2014

Under tax rules, a dependent is a person, other than the taxpayer or the taxpayer’s spouse, for whom an exemption can be claimed and a reduction in taxes occurs. Generally, to be a dependent, a person must be a qualifying child or qualifying relative. This would be someone the taxpayer supports and for whom you can claim a dependency exemption on your tax return. Each dependent under age 17 also qualifies his or her parent for a tax credit that’s worth up to $1,000.