Sibling Turning Into a Dependent My brother is 68 (I’m 65), seems to earn next to nothing, and seems headed toward being dependent on me for life. He’s in Ontario Canada. I’m in the U.S. His pattern is to say nothing until he’s about to be evicted and to then ask me for money. He did that last year. When I asked by how much his expenses exceeded his retirement income, he respon…

Ada’s dependent types, and its types as a whole Comments

I am 23 yr old with zero debt. I am being claimed as a dependent still. What are the pros/cons of me still being a dependent? I know I can receive more money with my tax return if I am not claimed, but is that it? submitted by /u/Important_Engine6630

Open enrollment is here, should I sign up Dependent FSA? Hi all, trying to see what the pros vs cons are here. I’ve had it in the past, but the circumstances were different and it made sense. My wife and I file our taxes jointly, gross appox. 330k/year, and have two kids. One kid is not school age and in daycare, the other is school age and attends afterschool. I know I can use it to pay for both kid…

Dependent Care FSA for Daycare The wife and I are looking at daycares for next year and we would be crazy not to use the DC FSA benefit. Do I have to claim baby as my dependent? Or does it matter who claims? Thanks in advance for sharing some expertise! submitted by /u/wuhtisthat

How to prepare for your parent to be a financial dependent? TLDR: I just found out my mother has no retirement savings. I’m curious if there are any proactive steps we should take, or pitfalls to be aware of so that we can take care of her. My sister and I are in our late 20s and early 30s, doing relatively well financially. Context: During the 2008 financial crisis, my mother was laid off from her work…

Medical FSA and non dependent Pardon my ignorance when it comes to these topics, but I’ve been trying to find information regarding using a medical FSA to pay for glasses for my daughter that’s not my dependent anymore. The medical FSA is from my employer, and my daughter is 27, does her own taxes (not my dependent anymore) has a part time job but goes to school so doesn’t w…

Mom Claimed Me As Dependent at 21y/o My mother claimed me as a dependent, and I’m guessing she has been claiming me as a dependent since I was 18. I moved from California to Missouri when I was 18 and haven’t been under her care since I was 16. I haven’t had the money to be able to pay my taxes ever since I turned 18 because, for the most part, I’ve done sole proprietor jobs, and …

Should we do dependent care FSA? We live in Georgia. My husband just sprung this on me and we are all sick and have to make a decision by tonight. We are high earners, this year will gross about $500k. He is eligible for a dependent care FSA through Triad and HSA both via his work (I believe we can have both because of the dependent care part). We always max HSA. We do have a n…

Dependent care FSA – wife was pregnant and didn’t work My wife was pregnant from Nov 2022 until june 2023. Didn’t work at all this year. I signed up for dependent care FSA not knowing if she would work or not. I know we’re not eligible based on that alone. I have two other kids in daycare. At this point would I just claim reimbursement with my daycare costs and just pay taxes next year on the $5000?…

Norway Regrets Its EV Push Because It Made People Dependent On Cars Norway has been the poster child for the electric vehicle transition. EVs have outpaced gasoline-fueled cars in sales for the past few years, encouraged by generous subsidies and an expansive charging network. However, the country is beginning to realize the combustion versus electric struggle doesn’t exist in a… Read more…

Sibling moving in with me: Father still wants to claim her as a dependent My sister is planning to move in with me in May 2024 to attend college. Due to my relationship with my father and stepmother, they never helped me through college, and I supported myself: Thus, I’m uneasy about whether they’ll actually help her or not. We negotiated to hopefully do this: Father will supply ~350/mo for food expenses (Live in Seat…

Roommate is 19 and is getting threatened to be kicked from being a dependent. We are both the same age, and believe me I’m not very smart with health insurance, but I do know about the Affordable Care Act. He moved a far ways across the country and we’ve been living together for over a year, and his parents called saying that their provider is going to take him off as a dependent in December if he isn’t living there and h…

Financially dependent on husband, now getting divorced After a few up and down months, my husband has asked for a divorce. He threw a lowball offer at me to just walk and he said that I would be getting more by taking this and not getting attorneys involved. My mind has been racing because he and I haven’t been able to sit down and actually talk about the next steps forward because he is convenient…

Can I use new Dependent Care FSA to reimburse early year daycare expenses? Basically the title. I changed jobs mid-year. The new one offers a DCFSA. We incurred childcare costs (from a licensed provider with a tax id) prior to opening the account. I’ve only had one paycheck deducted so far. Could I go ahead and make claims for reimbursement for expenses incurred earlier this year up to the federal limit ($5k, I believe…

Crypto Markets ‘Highly Dependent’ on Stablecoins Lacking Transparency, TUSD Poses Risk: Kaiko The rapidly growing TUSD, favored by crypto exchange Binance, poses risk to the market, according to the crypto research firm.