The IRS allows you to claim your elderly parent as a dependent on your tax return as long as both of you meet the following criteria:
- You are not a dependent of another taxpayer.
- Your parent, if married, does not file a joint return.
- Your parent is a U.S. citizen, U.S. national, U.S. resident alien, or a resident of Canada or Mexico.
- You paid more than half of your parent’s support for the calendar year.
- Your parent’s gross income for the calendar year was less than the exemption amount.
- Your parent is not a qualifying child of another taxpayer.
The tax rules for claiming an elderly parent or relative are complex. If you have any questions, please give Account On Us a call at (407) 892-1266. We’re here to help you.