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Old 11-04-2008, 09:55 AM
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Sorry, there is no deduction allowable for providing financial support to your parents, neither is a tax credit or any direct tax rebate payable to you.

But, if your parents are US citizens or residents and you do provide over 50% of their support and you meet the all the required tests for claiming a dependent, you may be eligible to claim a personal exemption for both of your parents.
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