Six Important Facts about Dependents and Exemptions

Six Important Facts about Dependents and Exemptions

Even though each individual tax return is different, some tax rules affect every person who may have to file a federal income tax return. These rules include dependents and exemptions. The IRS has six important facts about dependents and exemptions that will help you file your 2013 tax return.

  1. Exemptions reduce your taxable income. There are two types of exemptions: personal exemptions and exemptions for dependents. For each exemption you can deduct $3,850 on your 2013 tax return.
  2. Your spouse is never considered your dependent. On a joint return, you may claim one exemption for yourself and one for your spouse. If you’re filing a separate return, you may claim the exemption for your spouse only if they had no gross income, are not filing a joint return, and were not the dependent of another taxpayer.
  3. Exemptions for dependents. You generally can take an exemption for each of your dependents. A dependent is your qualifying child or qualifying relative. You must list the Social Security number of any dependent for whom you claim an exemption.
  4. If someone else claims you as a dependent, you may still be required to file your own tax return. Whether you must file a return depends on several factors including the amount of your unearned, earned or gross income, your marital status and any special taxes you owe.
  5. If you are a dependent, you may not claim an exemption. If someone else – such as your parent – claims you as a dependent, you may not claim your personal exemption on your own tax return.
  6. Some people cannot be claimed as your dependent. Generally, you may not claim a married person as a dependent if they file a joint return with their spouse. Also, to claim someone as a dependent, that person must be a U.S. citizen, U.S. resident alien, U.S. national or resident of Canada or Mexico for some part of the year. There is an exception to this rule for certain adopted children. See IRS Publication 501, Exemptions, Standard Deduction, and Filing Information for additional tests to determine who can be claimed as a dependent.

For more information on exemptions, dependents and whether you or your dependent needs to file a tax return, see IRS Publication 501. The publication is available at www.irs.gov or can be ordered by calling 800-TAX-FORM (800-829-3676).

By
Michael M Kisembo UDBS, BA, MTS, MBA, DBA

Dr. Michael Kisembo is tax Professional with two offices at 53 Morris St, Everett MA 02149 and 40 Crescent St Waltham MA 02453. He is a Professor of Taxation, Finance, Accounting, Operations and Global Management at Hellenic College in Brookline Massachusetts and a President and CEO of Multi-Professional Consultants LLC. He is an active Member of the National Society of Tax Professionals.
Members of the National Society of Tax Professionals are committed to a Code of Professional Conduct. They are knowledgeable in areas of tax preparation and assist America’s Taxpayers in filing of their taxes and related services.
This entry was posted in Uncategorized. Bookmark the permalink.

36 responses to “Six Important Facts about Dependents and Exemptions”

  1. I must show my gratitude for your generosity supporting those who need assistance with in this niche. Your real commitment to passing the message up and down was pretty powerful and have without exception helped associates much like me to realize their aims. Your entire warm and friendly help can mean so much to me and substantially more to my mates. Regards; from all of us.

  2. I’m gone to tell my little brother, that he should also
    go to see this website on regular basis to obtain updated
    from hottest reports.

  3. I don’t even know how I ended up here, but I thought this post
    was great. I don’t know who you are but certainly you’re
    going to a famous blogger if you are not already 😉 Cheers!

  4. I think this is one of the most vital info for me.
    And i am glad reading your article. But should remark on few general
    things, The website style is perfect, the articles is really
    excellent : D. Good job, cheers

  5. Everything is very open with a very clear clarification of the challenges.
    It was definitely informative. Your site is very helpful.
    Thank you for sharing!

  6. over here says:

    I just want to mention I’m all new to blogging and honestly loved your page. Likely I’m planning to bookmark your blog post . You definitely have terrific writings. Kudos for sharing your blog site.

  7. Heel Spur says:

    Wonderful post however , I was wanting to know if you
    could write a litte more on this subject? I’d be very grateful if
    you could elaborate a little bit more. Thanks!

    Here is my weblog: Heel Spur

  8. I was curious if you ever considered changing the structure of your website?
    Its very well written; I love what youve got to say.
    But maybe you could a little more in the way of content so
    people could connect with it better. Youve got an awful
    lot of text for only having one or 2 images. Maybe
    you could space it out better?

  9. Wow, that’s what I was searching for, what a material! existing here at
    this website, thanks admin of this website.

    my web page: Foot Pain symptoms

  10. Dr Ayurveda says:

    Thank you for another informative site. The place else may I get that type of info written in such an ideal way?
    I’ve a project that I am just now running on, and I’ve been at the glance out
    for such info.

    Feel free to visit my weblog – Dr Ayurveda

  11. This design is steller! You most certainly know how
    to keep a reader amused. Between your wit and your
    videos, I was almost moved to start my own blog (well, almost…HaHa!) Fantastic job.
    I really loved what you had to say, and more than that,
    how you presented it. Too cool!

    My blog hallux valgus treatment

  12. Hammer Toe says:

    I’m amazed, I have to admit. Rarely do I encounter
    a blog that’s equally educative and engaging, and without a doubt, you’ve hit the nail on the head.
    The issue is something that not enough people
    are speaking intelligently about. Now i’m very happy I found this during my hunt for something regarding this.

    my homepage: Hammer Toe

  13. BrainRMansel says:

    Somebody essentially assist to make significantly posts I’d state.
    This is the first time I frequented your web page and so far?
    I amazed with the research you made to create this particular publish amazing.
    Excellent job!

  14. Have you ever considered about adding a little bit more than just your articles?
    I mean, what you say is fundamental and everything.
    However imagine if you added some great pictures or videos
    to give your posts more, “pop”! Your content is excellent but with images and video clips, this website could definitely be one of the most beneficial in its niche.
    Terrific blog!

  15. Excellent goods from you, man. I have understand your stuff
    previous to and you’re just extremely wonderful. I actually like what
    you have acquired here, really like what you are saying and the way in which you
    say it. You make it enjoyable and you still take care of to keep it wise.

    I can not wait to read much more from you. This is really
    a wonderful web site.

    Feel free to visit my web-site :: Increase Height

  16. Whoa! This blog looks exactly like my old one! It’s on a entirely different topic
    but it has pretty much the same page layout and design. Outstanding choice of colors!

    My web-site hallux limitus

  17. removalist says:

    Way cool! Some very valid points! I appreciate you
    writing this write-up plus the rest of the website is also very good.

  18. Very descriptive blog, I liked that bit. Will there be a
    part 2?

    Look at my blog post Heel Pain treatment

  19. check that says:

    I simply want to tell you that I am just beginner to blogging and site-building and definitely liked this web site. Likely I’m planning to bookmark your site . You definitely have fantastic posts. Thank you for sharing with us your website.

  20. LelaOCrewe says:

    I don’t even understand how I finished up right here, however I assumed
    this submit was once great. I don’t understand who
    you are but certainly you are going to a well-known blogger if you aren’t already.
    Cheers!

  21. korean says:

    wow, awesome blog article.Much thanks again. Want more.

  22. Reginald says:

    I’m not that much of a online reader to be honest but your sites
    really nice, keep it up! I’ll go ahead and bookmark your website to come back later.

    All the best

  23. Just want to say your article is as astonishing.
    The clarity to your put up is just great and that i can assume you’re knowledgeable in this
    subject. Well together with your permission let me to clutch your RSS feed to stay up to date with coming near near post.

    Thank you 1,000,000 and please continue the gratifying work.

    Feel free to surf to my homepage: Toe Protectors

  24. Hello there, I found your website by the use of Google whilst searching for a related topic, your site came up, it
    appears good. I have bookmarked it in my google bookmarks.

    Hi there, simply changed into aware of your blog thru Google, and located
    that it’s truly informative. I am going to be careful for
    brussels. I’ll be grateful in case you proceed this in future.
    Numerous people shall be benefited from your writing.
    Cheers!

    Also visit my web site … Elevator Shoes

  25. You post awsome articles, bookmarked !

    • multiprofessionalconsultantsllc2013 says:

      Thank you Mckenley,

      We shall do the best we can. We would appreciate your ideas on the topics you would us to touch on.

      Sincerely,

      Moderator

  26. My brother suggested I would possibly like this blog. He used to be entirely right. This put up actually made my day. You can not believe just how so much time I had spent for this information! Thanks!

  27. I’ve been exploring for a little for any high-quality articles or weblog posts in this sort of space . Exploring in Yahoo I finally stumbled upon this website. Studying this information So i’m happy to convey that I have a very just right uncanny feeling I discovered just what I needed. I most for sure will make sure to do not omit this website and give it a glance regularly.

    • multiprofessionalconsultantsllc2013 says:

      Thank you very much. We would be very appreciative if you helped us with ideas about several issues we have touched on.

      Once again thanks.

      Moderator

  28. I am extremely impressed along with your writing skills as well as with the layout for your weblog. Is that this a paid subject matter or did you customize it your self? Either way keep up the excellent quality writing, it’s uncommon to peer a nice blog like this one nowadays..

  29. Everyone loves it when individuals come together and share ideas. Great blog, continue the good work!

  30. You really make it appear really easy along with your presentation however I find this matter to be actually something which I feel I might never understand.
    It seems too complicated and extremely large for me.
    I’m looking ahead for your next put up, I’ll attempt to get the hold of it!

    • multiprofessionalconsultantsllc2013 says:

      Dear Stewart,

      Thank you for your concern. Is anything specific you would like us to address? Please let us know and shall help to make it clear. Still if there is there anyone in our internet community who can please do.

      Thanks

      Moderator

  31. 90JustinT says:

    I love to read http://www.multiprofessionals.com but i noticed that it’s hard to find your website’s posts in google, i found this article on 31 spot, you should do on-page SEO optimization, if you don’t have any SEO knowledge you should use dedicated SEO plugin for wp blogs, it can do all the optimization for you, you can increase traffic even 9 times when your posts move to google top 10 search results, just search in google for – juuri13 wp SEO advice – for more info

Leave a Reply

Your email address will not be published. Required fields are marked *