A dependent is an individual who relies on another person for financial support, typically a child, spouse, or relative. In the context of taxes, a dependent is someone who meets specific criteria and can be claimed on a tax return for certain exemptions, credits, or deductions.
Claiming a dependent can reduce taxable income or increase eligibility for benefits such as child tax credits or education-related deductions. While definitions and rules may vary between countries, dependents generally include individuals who do not provide significant financial support for themselves and live with or are closely connected to the person claiming them.
Accurately identifying dependents is important for proper tax reporting and compliance.