Powerful deduction often overlooked

Many people don’t realize who they may be able to claim on their tax return. It can be quite confusing at times but knowing who you can claim can save you tax dollars.

Did you know that you can possibly claim your parent, grandparent, nephew, niece, or other qualified relative that didn’t live with you? In addition, you can possibly claim someone who is not related to you but has lived with you all year long.

There are other conditions that need to be met but keep these important tips in the back of your mind and let our tax specialist answer any questions you may have. Knowing who you can claim can save you $3,700 in taxable income per qualified dependent.