Start the day smarter. Get all the news you need in your inbox each morning. Adult children who care for their parents can claim their parents as dependents on their taxes if: Your parent does not ...

Taking care of yourself as a parent isn't an indulgence; it has a substantial effect on the well-being of your children.

What sounds like a quirky reference to label an age group might come with more responsibilities and financial burden than you ...

Single adult children who care for their parents will see a larger standard deduction on their taxes, Greene-Lewis said. Typically, single taxpayers see a deduction of $14,600. But if you file as ...