Hey, Did you know that you can claim someone not related to you?
By claiming the other dependent credit, your tax bill may be lowered!
The maximum credit amount is $500 for each dependent.
In order to qualify the dependent must have lived with you for at least 6 months and must not have any gross income for the year over $4,000.
The credit begins to phase out when:
The taxpayer's income is more than $200,000.
For married couples filing a joint tax return, at $400,000.
Unsure if you’re eligible for this credit, contact us today and find out.
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