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caregiver

Taxes

Caring For An Aging Parent? What You Need To Know At Tax Time

Are you a caregiver?: Age, income and living situation are the deciding factors for determining a caregiver for tax purposes. If your parent or parents are 65 or over, have less than $18,645 in income and are living with you, you can claim the caregiver amount. You can also claim parents under the age of 65 if they are dependent on you due to an infirmity.

Support from afar: Even if you are providing support to your parent or parents, they have to live with you in order to claim the caregiver credit. Sending money to support them does not qualify.

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