Ronald is 92 years old and in poor health. Clever investing earlier in his life has left him with a sizeable income. He is able to support his son Ed. Ed is 67 years old and a bit "confused," so he lives in a nursing home. Ed's income is less than $2,000. How many dependents should Ronald claim on his tax return?

Question

Quizplus · Accepted Answer

Ronald can claim one dependent on his tax return, which would be his son Ed. Ed qualifies as a dependent because he has an income less than $4,300 (as of the latest tax guidelines) and Ronald provides more than half of his support. Ronald cannot claim himself as a dependent.

Ronald Is 92 Years Old and in Poor Health