---
title: Tax Tips for the Multi-generational Home
description: The multi-generational home is making a comeback. It’s not just Millennials who are moving back with their Generation X parents. In addition, Generation Xe
---

[blog](https://scottandco.com/blog)

# [Tax Tips for the Multi-generational Home](https://scottandco.com/blog/tax-tips-for-the-multi-generational-home)

 Written by [Admin](https://scottandco.com/blog/author/admin) | Feb 3, 2017 5:00:00 AM

The multi-generational home [is making a comeback](http://www.forbes.com/sites/nextavenue/2016/10/09/multigenerational-living-is-back-and-thats-a-good-thing/#2514ee205dac). It’s not just Millennials who are moving back with their Generation X parents. In addition, Generation Xers are welcoming *their* Baby Boomer parents into the household. There can be many benefits to this living arrangement. The recent uptick began when the recession hit, but families are now choosing the multi-generational home for more than just financial reasons. In many instances, Baby Boomers who are moving in with their children and grandchildren may have health issues. Generation X clients in these multi-generational households often ask their CPAs if they are able to claim their parents as dependents for income tax purposes. In an article from *CPA Practice Advisor*, Gigi Thompson Jarvis lists some of the criteria parents must meet in order to qualify as dependents:

- The parent must be legally recognized – by adoption or by birth – as the child’s parent
- Parents must receive more than 50% of their financial support from their children
- The parent must be a U.S. citizen, or a resident of Mexico or Canada
- The parent must not file a joint return with a spouse, unless it is solely for the purpose of receiving a tax refund

 “He or she must not be required to file a federal income tax return,” adds Jarvis. “If your parent is under 65 and filing Single, they must file a return if their income is at least $10,350; filing Single and over 65, at least $11,900; Married Filing Jointly and under 65, at least $20,700; Married Filing Jointly and over 65, at least $21,950.” Our CPAs can answer any questions you have about claiming parents or adult children as dependents. Call us today for any of your income tax needs. To read more, [see the full article](http://www.cpapracticeadvisor.com/news/12298975/income-tax-tip-when-to-claim-parents-as-dependents) from Gigi Thompson Jarvis in *CPA Practice Advisor*.    

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