As I have been helping my Mom transition into life as a widow many interesting facts have begun to resonate. Particularly intriguing for me today under Regs. §1.2-2(b)(4) parent(s) can be claimed as a dependent if you meet the usual support, citizenship, gross income, and joint return tests.

Interestingly enough if you are single you can file as head of household if you claim your parent or pay more than half the cost of keeping them in a rest home or home for the elderly. Fortunately my mom is nowhere ready for that sort of treatment we hope. However in my most recent research efforts I’ve been intrigued by two separate and distinct opportunities worth consideration: Read More