Baby boomers who are raising children and who also have aging relatives can find themselves caring for both. It's a common situation that has led to the term "Sandwich Generation." Tax expert Eva Rosenberg runs the web site www.taxmama.com She says if you find yourself caring for aging parents, don't overlook some tax breaks.

"If you're supplying support for your parents, they don't have to be in your household for you to get them as your dependents or for you to become head of household or anything else. Your parents can live in their own home or in a home for this to apply."

Also to apply, you have to supply over half of your parents support for the past year. Eva says though there is an exception to that rule. If all the kids are pitching in and collectively all of you are paying more than half for the support of the parents,

"IRS has a form 2120 and anyone who provides more than ten percent of the support can be granted the entire dependency by having everybody else who is supporting them sign off giving it up for that year. You can change that every year."

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