Only after all of the rules or met for this purpose that you both will have to meet.
You and your adult 34 year would be the only one that would know if the 34 year old could be claimed as your qualifying relative dependent on your income tax return.
For all of the rules go to the IRS gov website and use the search box for PUBLICATION 17 go to Chapter 3. Personal Exemptions and Dependents
Qualifying Relative
There are four tests that must be met for a person to be your qualifying relative. The four tests are:
1. Not a qualifying child test,
2. Member of household or relationship test,
3. Gross income test, and
4. Support test.
Age. Unlike a qualifying child, a qualifying relative can be any age. There is no age test for a qualifying relative.
Each test is explained below and you will also find the worksheet that you can use to determine if the support test is met.
Gross Income Test
To meet this test, a person's gross income for the year must be less than $3,650.
Gross income defined.
Yes, there will be directions on the correct steps in your tax booklet.
There is no exemption from income taxes because of age. Being claimed as a dependent does not make your child exempt from taxes. Regardless of age or dependent status, if your child has sufficient income she must file her own tax return.To claim "exempt" on her W-4 at work, BOTH of the following statements must be true:1) She owed no taxes last year. All taxes that were withheld (if any) were refunded.2) She reasonably expects to owe no taxes this year.
Taxes are not age-dependent. In general, if you make money, then you have to file taxes. In some cases parents are allowed to fold the income of their minor children into their own tax returns, but if you have income at all, then SOMEBODY has to pay taxes on it.
Unless the 18-year-old is a dependant because of disability or other factors, generally they are considered an adult and must file their own taxes, and you cannot claim them.
where is your "Tax Bracket Calculator? and if I may why is this site so hard to use? How much would a 16 year old pay for taxes on $800 if her parents claim her as a dependent? depends on the year. in years past, if you didn't make more than 3000 in a calender year you wouldn't have to pay taxes on the money.
Yes, there will be directions on the correct steps in your tax booklet.
There is no exemption from income taxes because of age. Being claimed as a dependent does not make your child exempt from taxes. Regardless of age or dependent status, if your child has sufficient income she must file her own tax return.To claim "exempt" on her W-4 at work, BOTH of the following statements must be true:1) She owed no taxes last year. All taxes that were withheld (if any) were refunded.2) She reasonably expects to owe no taxes this year.
Taxes are not age-dependent. In general, if you make money, then you have to file taxes. In some cases parents are allowed to fold the income of their minor children into their own tax returns, but if you have income at all, then SOMEBODY has to pay taxes on it.
Unless the 18-year-old is a dependant because of disability or other factors, generally they are considered an adult and must file their own taxes, and you cannot claim them.
YES she can.
where is your "Tax Bracket Calculator? and if I may why is this site so hard to use? How much would a 16 year old pay for taxes on $800 if her parents claim her as a dependent? depends on the year. in years past, if you didn't make more than 3000 in a calender year you wouldn't have to pay taxes on the money.
Yes WHEN all of the rules are met by you and your 17 year old child to qualify you to do this on your income tax return.
A sixteen year old can file income tax and, if the 16 year old had sufficient income, the 16 year old must file tax. There are no upper or lower age limits on income tax obligations. Even if the 16 year old didn't owe any tax, if taxes were withheld from the 16 year old's wages, the 16 year old should file in order to receive a refund.
You need to file an injured spouse form. see links
There is no such age. Even a newborn infant or a 100-year old senior citizen might need to file taxes.
I'm 18 and i made only $3000 last year. I do not have to pay taxes. That i know for sure, so you're in the clear. I believe you don't need to file taxes unless you make $5700+ a year. Age is irrelevant.
No you don't, it is considered hobby money unless you made $5,000 or more, then you DO have to file.