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New Tax Bill Changes Dependents Rules and Breaks
The new tax bill, over 3000 changes, lets more dependents qualify for $600 exemptions. It loosens rules on who is a dependent, allowing full time students under 19 or under 24 in college, foster children, non-relatives in the same household, and individuals in foreign areas to be claimed, provided support exceeds half. Each claimant must contribute at least 10 percent of the dependent’s support and non-claimants sign a written agreement.
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