A “qualifying relative” for the new $500 dependent credit and head of household filing status will be defined by reference to the inflation-adjusted amount of the personal exemption. What is a Qualifying Relative? For 2018 through 2025, the personal exemption amount is zero. But, the Code use the personal exemption amount in other ways. For […]
The post Qualifying Relative Definition Still Uses Inflation-Adjusted Personal Exemption Amount appeared first on Tax & Accounting Blog.