LexisNexis® Legal Newsroom
Can Your Parent be a Dependent and Qualify as a Deduction?

Clearly your parents can be dependent on you (an issue beyond the scope of any article) , but can you claim them as dependents and get a tax deduction? The answer - maybe (a lawyers stock in trade). There is a 5 (possibly 6) step test if you can claim a parent as a dependent and get a tax deduction...

Am I Responsible for My Deceased Parent's Debts?

It is not uncommon for a decedent's creditors to contact the person's adult children. The caller will request that the child pay the parent's outstanding debts. Often the debts are medical bills. These calls are understandably unnerving for a child who is coping emotionally with the death...