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Definition of 'Member Of Household'
A person who is claimed as a dependent when filing year-end tax forms. Such a dependent allows a taxpayer to qualify for the dependency exemption. A member of household can be a relative or a non-relative, but in order for a non-relative to be claimed as a member of household, he or she must meet the relationship requirements outlined by the IRS.
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Investopedia explains 'Member Of Household'
To be considered a member of household, a person must be at least one of the following:
1. Lineal descendant (child, grandchild, great-grandchild; step-lineal descendants such as stepchildren are included)
2. Brother or sister (includes stepbrothers/stepsisters and half-brothers/half-sisters)
3. Lineal ancestor (parent, grandparent, great-grandparent; step-lineal ancestors are included)
4. Niece, nephew, aunt or uncle (not including relations by marriage)
5. In-law (father-in-law, mother-in-law, son-in-law, daughter-in-law, brother-in-law and sister-in-law)
6. Anyone else who is neither related nor married to you, but who lives in your home for the entire year
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Search results for 'Member Of Household'
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http://www.investopedia.com/articles/pf/11/preparing-finances-deployment-military.asp
... This is especially critical if the service member is typically the one who makes
the financial decisions and pays the bills for the household. ...
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http://financialedge.investopedia.com/financial-edge/0509/A-Sneaky-Recipe-For-Family-Financial-Advice.aspx
... (More advice on teaching a family member, check out Teaching Your Partner About
Household Finances) Ingredients: 10 cups of mom being the one to tell them what ...
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http://www.investopedia.com/articles/economics/09/profit-from-a-consumerless-recovery.asp
... channel consists of bank activities aimed at servicing the individual or household:
checking accounts ... holds the Series 7, 63, 65 licenses and is a member of the ...
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http://financialedge.investopedia.com/financial-edge/0310/From-Poverty-To-Power-Celebrities-Who-Started-With-Nothing.aspx
... to accomplish this by moving from a disruptive and abusive household in with ... Dylan
and Nirvana, starting Geffen Records and was a founding member of Dreamworks ...
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http://financialedge.investopedia.com/financial-edge/0310/Want-A-Bigger-Tax-Refund-Dont-Itemize.aspx
... unless they have a catastrophic illness or a family member in a nursing home. Let's
take the example of Charlotte, a single mom filing as a head of household. ...
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http://financialedge.investopedia.com/financial-edge/1111/10-Ways-To-Reach-The-Top-1.aspx
... As of 2009, if you earned more than $343,927 you were a member of the ... the top 1%.
According to the United States Census Bureau, the median household income was ...
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http://www.investopedia.com/university/vacation-property-walkthrough/vacation-property-walkthrough1.asp
... vacation-home buyer in 2010 was 49 years old, had a median household income of ... For
a Family Member, Friend or Relative It is not uncommon for individuals to ...
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http://www.investopedia.com/articles/retirement/07/sandwich-boomer.asp
... At Work If you have to care for an elderly family member as well as ... as well as your
expectations regarding their assistance with household chores, including ...
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http://www.investopedia.com/articles/pf/07/couples-budget.asp
... the amount of disposable income in a household. As a result, a person may purchase
items that he or she cannot afford. For instance, one member of a couple may ...
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http://www.investopedia.com/articles/pf/07/capitalgains.asp
... Among married couples, the median household income is higher, nearly $66,000 in
2005 ... of $10,300 and minus four exemptions for each family member at $3,300 each ...
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