Dependent

Dependent: A dependent is an individual who relies on another, typically for financial support or care. In various contexts, a dependent may refer to a child, spouse, or other relative who is not financially self-sufficient.

Examples:

• A child under the age of 18 living with their parents is considered a dependent for tax purposes.
• A spouse who does not earn an income may be classified as a dependent when filing joint taxes.
• In healthcare, a dependent can refer to a family member covered under another person’s health insurance plan.

Cases:

• In tax law, claiming a dependent can result in Tax Deductions and Credits, affecting the overall tax Liability.
• In legal contexts, a court may require a non-custodial parent to provide financial support for their dependent children.
• Insurance policies often include provisions for dependents, specifying who is covered under the policyholder’s plan.