Which situation allows a taxpayer to claim their parent as a dependent?

A taxpayer can claim a parent as a dependent under specific criteria set forth by the IRS. To qualify, the parent’s gross income must be below a certain threshold, which is necessary to ensure that the dependent is not financially independent. In addition, for a taxpayer to claim a parent as a dependent, that parent must live with the taxpayer for more than half of the year, but not necessarily the entire year. This is important as it establishes a significant level of support and care that typically characterizes a dependent relationship.

Therefore, the combination of the gross income being below the specified limit and the requirement that the parent resides with the taxpayer for a substantial part of the year fulfills the criteria set by the IRS. This understanding reinforces why selecting both criteria as necessary for claiming a parent as a dependent is the most accurate response.