5/07/2006

Advice from Nashville's leading Financial Aid Advisor Dave Ramsey

 
Dave Says
By Dave Ramsey
Author of:
Financial Peace and
The Total Money Makeover

"Claiming daughter on taxes?"

Dear Dave,

I have an 18-year old daughter who’s a full-time student, lives with us and is about to give birth to our first granddaughter. I know we can still claim our daughter as a tax deduction, but who gets to claim the granddaughter?

Sam

Dear Sam,

That’s an easy one. You can claim the grandchild if she lives with you and you provide more than half of her support and upkeep. 

Best wishes on becoming grandparents, Sam. I know that baby’s going to be a precious addition to your family.

- Dave

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