What is included in the definition of 'support' for tax purposes?

The definition of 'support' for tax purposes encompasses the total amount provided on behalf of an individual. This broad definition includes not just financial contributions but also other forms of support that contribute to the individual's living expenses.

When considering support, the IRS looks at various aspects, including monetary contributions, food, housing, clothing, education, medical expenses, and even the value of any assets transferred to the dependent. Therefore, option B accurately captures this comprehensive view, indicating that all forms of assistance contribute to the total support given, which is crucial for determining dependency claims, eligibility for certain tax benefits, and credits.

In contrast, the other options provide a narrower viewpoint. For example, focusing solely on monetary contributions ignores the value of non-cash support, such as direct pay for services or gifts. Defining support only in terms of assets transferred or just medical expenses does not encompass the complete financial picture necessary for tax purposes, leading to an incomplete understanding of what constitutes support for dependencies and related tax implications.