qualifying relative

qualifying relative definition - business

qualifying relative

A person who satisfies five criteria established by the IRS for citizenship, support, tax filing status, income, and relationship. A qualifying relative can be claimed as a dependent for federal income tax purposes.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.