Real Answers for Life’s Money Challenges
My husband and I are raising our granddaughter.
We have gotten no help from her mother with food, etc.
My husband is on SSI for income and Im not working at the moment.
So we live off $940.00 a month.
Can he file taxes for our granddaughter as supporting, as her mom has no income?
With your income, you qualify for free tax prep assistance under theIRS VITA program.
Use the IRS locator tool to find VITA tax assistance in your area:irs.treasury.gov/freetaxprep.
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
Claiming your granddaughter as a dependent can have a significant impact on your finances.
Anyone who got a health insurance premium tax credit (i.e.
assistance through HealthCare.gov or Obamacare) is required to file a return.
They might also file to receive some tax credits that dont require income.
Have this conversation with a tax expert to answer questions if you think there could be a conflict.
Dana Miranda is a Certified Educator in Personal Finance, author, speaker and personal finance journalist.
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