What Are Some Common Tax Return Questions?


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Common tax return questions involve who to claim as dependents and eligibility for child and dependent care deductions, says ABCNews.com. Determining the value of non-cash charity contributions also commonly raises questions.

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Dependents are defined as a "qualifying child" or "qualifying relative" and can only be claimed if they meet prerequisites pertaining to residence, relationship to the claimant, age, income and other factors, according to ABCNews.com. Significant others and friends can even qualify as exemptions, but taxpayers should be careful to follow guidelines closely and not mistakenly claim an unqualified dependent. For instance, only one parent of a divorced couple can claim a child as a dependent. Child care expenses for dependents under a certain cage can qualify as a deduction for taxpayers. Even the cost of summer camp may be fully or partly deductible if sending the child to camp allows the parent to work.

Taxpayers can deduct non-cash charity contributions up to a certain limit, reports ABCNews.com. Regulations for deducting goods and products donated to charity are straightforward; such items may be deducted at their fair market value. Taxpayers may also be eligible to receive deductions for travel expenses accumulated getting to and from volunteer shifts at nonprofit organizations.

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