Dependent

What Does Dependent Mean?
A person who relies on someone else for financial support. The taxpayer supporting the dependent is allowed to claim dependency exemptions.

Investopedia explains Dependent
This generally refers to people who are under 14 and over 65.

Related Terms

Additional Child Tax Credit
Adoption Credit
Breadwinner
Child Tax Credit
Exempt Income
Exemption
Head Of Household
Member of Household
Special Needs Child
Support Test
More Related Terms

Related Links

Special Feature: Income Tax Guide - Don’t miss out on tax benefits and significant savings this year! Our Income Tax Guide has everything you ever wanted to know about tax but were afraid to ask.
Taxing Times For Divorced Parents - Find out how to deal with the tax issues that arise for divorced parents with dependent children.
How To Claim A Dependent - If you are a caregiver, get to know the rules for claiming a dependent before filing your taxes.
Kids Or Cash: The Modern Marriage Dilemma - It now costs nearly $300,000 to raise a child for 18 years. Are you sure you're up for it?
How Much Life Insurance Should You Carry? - Learn how much - if any - insurance you really need.
Don't Forget The Kids: Save For Their Education And Retirement - Retirement and education financing are the two most important planning items for taxpayers.
When am I not required to submit a social security number on my tax return?

Rate this Term: Your Rating: Overall Rating: Vote Now!