Who Can I Claim as a Dependent on my 2014 Taxes?

Who Can I Claim as a Dependent on my 2014 Taxes?

One of the most basic things about preparing taxes federal and taxes state is claiming the proper amount of dependents when you efile online. Each dependent is worth a hefty credit, after all, and you want to get the deductions you deserve for providing financial support for another individual. When you file tax returns, each dependent is worth a $3,950 exemption, and that really adds up if there are multiple people in your household for whom you are responsible. When people federal efile and state efile, they often forget that dependents aren’t always children, and a good opportunity to maximize your return could be missed.

In short, if you provide the majority of financial support for someone who lives with you or, in some cases, lives apart from you, you may be able to claim that person as a dependent and reap the exemption. If there is any doubt in your mind about whether an individual qualifies as a dependent, tax software like MyTax-Back can help you be sure one way or another when you efile your taxes. In many cases, you can even e file free and save even more money. When you go to MyTax-Back.com and efile free, taxes are done to maximize any refund you qualify for and take advantage of all the tax breaks you can.

The benefits of electronic filing are many, and the assistance in determining who qualifies as your dependent is only one of them. When you free efile tax returns, the MyTax-Back software scours through its database of potential deductions and credits to match you wherever possible. Your e file tax return will also be free of mathematical errors, which helps the IRS process your return quickly. When you efile taxes online, you also eliminate the transit time of snail mail and ensure your return goes right through the proper channels. This translates into your refund arriving more quickly, so you can put that money back into your household for you and your dependents to enjoy.

Click Here to eFile Your Taxes with MyTax-Back and Claim Your Dependents

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