Your Questions, Answered

This depends on the level of financial support you have provided. If you paid for more than half of your adult child's living expenses over the year, you might be eligible to claim them as a dependent. However, if they earned a substantial income, enough to cover their own expenses (e.g., equal to or more than the annual cost of housing and utilities you provided), you cannot claim them.

Delaying your tax filing if you owe taxes will result in additional charges. Taxes not paid by April 15th will accumulate interest and penalties each month until both the return is filed and the owed taxes are paid in full.