Ask a Question

Can I claim tax deduction for parent if I pay expenses?

My parent earns more than $3200/m in retirememt. A relative has FULL legal control of parent income, and provides NO contribution to CNA, or medical/dental services. I provide full expense costing for my parent. Question - Can I claim the deduction, even though parent income above $3200 month? I have been doing this for more than 12 months in Virginia
Status: Open    Jan 16, 2017 - 02:28 PM


Do you have the same question? Follow this Question

1 answer


Feb 06, 2017 - 01:04 AM

Tax deduction is a reduction of income that is able to be taxed, and is commonly a result of expenses, particularly those incurred to produce additional income. The difference between deductions, exemptions and credit is that deductions and exemptions both reduce taxable income, while credits reduce tax.


Answer this question

Recently Active Members