I contribute to a significant portion of my Brazilian parents income, however it seems that there's no way that I can claim them as dependents or to account the amount contributed as any form of deduction, isn't there?
TIA
I contribute to a significant portion of my Brazilian parents income, however it seems that there's no way that I can claim them as dependents or to account the amount contributed as any form of deduction, isn't there?
TIA
The would-be dependent has to earn less than the personal exemption amount (in '07, that was $3400), you have to provide more than half the dependent's total support during the year, and the dependent has to be a citizen or resident alien of the US, Canada or Mexico.
So, probably, no.
See IRS Pub 501 for more details.
BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.