If you provide over 50% of the living expenses for a relative(s), you could be entitled to a number of helpful tax credits. In the event that these expenses are being shared between two or more members of the family, you can file a multiple support agreement; allowing those who contribute more than 10% to benefit from the credit. Some of the most common available exemptions are:
- Head of household filings
- Dependency exemptions
- Dependent care tax credits
- Certain medical deductions
