Who can claim dependent

who can claim dependent

Who can claim a dependent on a tax return?

2. Age - The child must be under age 19 at the end of the year or a full time student under age 24 at the end of the year. Note that they cannot have reached their 19th or 24th birthday by the end of the year.

3. Residency - The child must have lived with you for more than half the year. Absences for illness, education, or other temporary absences due to special circumstances count as living with you.

4. Support - You must have provided over half the support for the child.

2. Member of household or relationship - The person must be a member of your household for the entire year or related to you as a child, stepchild, eligible foster child, grandchild, brother, sister, half brother, half sister, stepbrother, stepsister, parent, grandparent, niece or nephew, son-in-law, daughter-in-law, father-in-law, mother-in-law, brother-in-law, or sister-in-law.

3. Gross income - the person cannot have more than 4 050 $ in gross income. Gross income does not include tax exempt income.

4. Support - You must provide over half the support for the person.


Who Can You Claim as Dependent on Your Taxes?

If you are a parent or taxpayer who supports relatives, you can benefits from various tax deductions, tax credits and lower tax rates directly related to dependents. The issue of claiming dependent on your tax return can be a tricky one, especially when it comes to non-children dependents. This article helps you to understand what is dependent, who can claim one, and what are the tax benefits you can obtain when claiming dependents.

A dependent can be a valuable addition to your tax return, decreasing your tax liability and maybe even earning you a refund. Every tax season, however, there is confusion about who exactly qualifies as a dependent.

Many people don’t realize that there are actually two different types of dependents: qualifying children and qualifying relatives.

These two categories have different requirements and are often treated differently by the tax code. Though both are considered “dependents,” if a credit refers specifically to a qualifying child, a qualifying relative does not count.

To be a dependent a relative must meet the following criteria:

-Residency: The relative must have lived in your house for the entire year unless the relative is one of the following: child, stepchild, foster child, descendant of any of them, brother, sister, half-brother, half-sister, stepbrother or stepsister, father, mother, grandparent or other direct ancestor (does not include foster parent), stepfather, stepmother, niece, nephew, uncle, aunt, son-in-law, daughter-in-law, father-in-law, mother-in-law, brother-in-law or sister-in-law.

-Support: The relative’s annual gross income must be less than $3,500 and you must be responsible for providing more than half of his for her support

Support includes amounts paid or incurred for the following items:

-Medical and dental care

Any item that is paid for the household as a group (for example food for the household members) and not directly for the relative, should be allocated evenly between the members of the household.>

Tax Benefits related to dependents

The tax law provides for several tax credits, tax deductions and other tax benefits resulting from claiming child and or relative dependents. Here is a list of those benefits:

-Filing status – head of household

-Child tax credits

-Child and Dependent Care Credit

In the discussion below we shall analyze the various benefits and describe how to maximize them when you file your annual tax return.

Personal exemption works like a tax deduction, it reduced the taxpayer gross income by the amount of the personal exemption and results in a lower taxable income.

A word of caution: you cannot claim someone as dependent if he or she can be claimed as dependent on someone else’s return and if in fact he or she is claimed as dependent on someone else’s return. Additionally, personal exemptions are subject to phase-out limits, thus the higher the income shown on your 1040, the more you loose from your personal exemption deduction. For current year phase-out calculation, please refer to IRS Publication 501.

You may be eligible to claim personal exemption for any qualifying dependent (see discussion above). The amount of the personal exemption is set up by the IRS as it is indexed annually for inflation. For 2009, personal exemption is set up as $3,650, up from $3,200 back in 2005.

Taxpayers will lose some of their personal exemptions if adjusted gross income exceeds certain threshold amounts. However, taxpayers can lose at most two-thirds of their personal exemptions. You’ll need to use a worksheet in IRS Publication 501 to calculate your personal exemption amount if your adjusted gross income is over the threshold amounts shown below.

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New Tax Loophole - who claims the dependant can mean extra $$$

Who can claim dependent

Who can claim dependent

The younger sibling would need enough income for the deductions/credits to be worthwhile and the older sibling would need to pass the age test - if those conditions were met looks like it could fly.

Under age 19 at the end of the year,

Can anyone let me understand how this change of who claims the dependent affects the FAFSA form and the likelyhood of more or less financial aid.

Doesn't seem to matter who is older, as long as the one being claimed meets all the IRS Tests and is not claimed by anyone else. Whether this works in your favor also depends on your parents income - their income has to be high enough that claiming your sister as a dependent is of little value to them.

your son ONLY qualifies for the Earned Income Credit if he has a qualifying child. if your son has no children, then he must be 25 years old to qualify for this credit.

My sister lives with my parents, not me. Think I could still claim her?

No -- You have to have lived with the child for at least 6 months to qualify.

your son ONLY qualifies for the Earned Income Credit if he has a qualifying child. if your son has no children, then he must be 25 years old to qualify for this credit.

your son ONLY qualifies for the Earned Income Credit if he has a qualifying child. if your son has no children, then he must be 25 years old to qualify for this credit.


Who can be claimed as a dependent?

It's central to your tax return, because for each dependent you can claim, you can get an exemption – a valuable chunk taken right off the top of taxable income.

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