The unique thing about both of the disaster acts is you do not have to be a victim to somehow be affected.

194

You should calculate your tax return both ways (including and not including combat pay as earned income for EITC purposes) to determine which option gives you the best result. Alternatively, combat pay is included as earned income when calculating the refundable portion of the Child Tax Credit.

184

For example, children not related to the taxpayer who live with both the taxpayer and a parent will generally not qualify as a dependent for the taxpayer.

177

If you do a little homework on the front end, it can pay some dividends at tax-preparation time, and it can put some money in your pocket.

134

The benefits more than offset any risk limitations.

81

Very often, siblings will share in the support of the aging parent but will be surprised to learn that only one of them can claim the parent as a dependent.

81

Taxpayers who can itemize and fail to do so are literally leaving millions of dollars of overpaid taxes with the government.

74

Under the old rules, each tax benefit had its own definition of a child, a qualifying child and an eligible foster child. Now, the term 'Qualifying Child' is no longer benefit-specific. Unlike prior years, the new rules have one definition for all five of the child-related benefits.

69