Tax advice

by | Sep 15, 2021 | Homework Help

A married couple arrives at your office and is hoping to get tax advice for their situation.¬†They have a 21-year-old daughter whom they support in her full-time college studies. The husband’s mother also lives with them and they support her in her daily living expenses.¬†They don’t understand whether they can report the daughter or mother as dependents and think they may benefit though a ‘married filing jointly’ status because they each make over $150,000 a year. They need your help! What kind of guidance would you provide to them in this situation? What additional facts would you need to know?

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