John, 45 years old and unmarried, contributed $1,000 monthly in 2016 to the support of his parents' household. The parents lived alone and their income for 2016 consisted of $500 from dividends and interest. What is John's filing status and how many exemptions should he claim on his 2016 tax return?

Question

Quizplus · Accepted Answer

John can file as head of household because he provided more than half of the support for his parents, who are qualifying relatives. He can claim 3 exemptions: one for himself and one for each parent.

John, 45 Years Old and Unmarried, Contributed $1,000 Monthly in 2016