Hey Ladies: Don’t Miss Out on the Broke Boyfriend Tax - TopicsExpress



          

Hey Ladies: Don’t Miss Out on the Broke Boyfriend Tax Exemption.Female breadwinners of the household can save money when filing taxes this year with common,yet often misinterpreted federal tax exemptions.Federal tax exemptions are earnings that get subtracted from taxpayers’ adjusted gross income (AGI). Exemptions for dependents are often applied when claiming children or qualifying relatives as a dependent.What women fail to ask is: Can I claim my broke boyfriend as a dependent.According to Publication 17 issued by the Internal Revenue Service,taking care of your very broke boyfriend financially might entitle you to a $3,900 federal tax exemption. While a boyfriend is traditionally not considered a “relative” under the definition of the U.S. government,a significant other may be identified as a qualifying relative dependent if he meets all the required tests. #butwhointhehellwantabrokeazzman
Posted on: Tue, 08 Apr 2014 02:33:37 +0000

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