What does "financially support another person" mean?

Created by Shubha Bisht, Modified on Wed, 24 Jan 2024 at 02:13 PM by Shubha Bisht

Per the IRS, financially supporting somebody means paying for more than 50% of a person's support.

 

Note: Knowing if you're providing more than 50% of someone's support requires knowing the amount of their total support. The IRS recommends that you compare “the amount you contributed to that person's support with the entire amount of support that person received from all sources” to see if you provided more than 50%.

 

Support can include, but is not limited to, costs for lodging, food, utilities, clothing, education, medical and dental expenses, travel, and recreational activities. More information can be found on this page, using the IRS’s Worksheet 2.

 

Per the IRS, if there are expenses not related to one specific member of the household (like household groceries and supplies), the costs need to be divided among the members of the household.

 

Additional Resources: 

 

This content is provided for informational purposes only and should not be construed as tax, legal, financial, accounting, or other advice. Rules and regulations vary by location and are subject to change, so please consult with an expert if you need advice specific to you.

 

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