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Money Monday: What to know about tax credit for other dependents

Here's what you should know about the tax credit for other dependents.
Here's what you should know about the tax credit for other dependents.

This week we are discussing the third of three important tax credits for taxpayers with dependents living in their homes.

They can receive a $500 tax credit for each person, mom and dad, older grand children, sometimes not even family members.

Watch the video above to learn the rules and how this can benefit you.

Resources:


More: Money Monday section


About the Author:

Rod Meloni is an Emmy Award-winning Business Editor on Local 4 News and a Certified Financial Planner™ Professional.