Finance Questions

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Question: can I claim my finance as my dependent if he is out of work ?

My finance is currently out of work ,Can I file as head of household and claim my fiance as dependent on my tax return ?

Answer: You can claim him if he earned less than $3300, and he lived with you for entire year of 2006. However, you would not be able to get the earned income credit for him, because he wouldn't be considered a qualifying child nor a qualifying relative. You would only get him as an exemption, which will be $3300 as an adjustment to your gross income.

Finance: Investing & Saving : How a Household Budget Works