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To be your dependent, a person must be either your qualifying child or your qualifying relative. Generally, a person is your qualifying relative if that person: * Lives with or is related to you, * Does not have $3,300 or more of gross (total) income, * Is supported (generally more than 50%) by you, and * Is neither your qualifying child nor the qualifying child of anyone else. For details, see Exemptions for Dependents in Publication 501 Answered my own question from William Perez's Tax Planning Blog (http://taxes.about.com/b/a/238014.htm)
Parents would fall under the category of "qualifying relatives" under the new rules for claiming a dependent. Under these rules, you can claim your parents as dependents if they each earn less than $3,200 in taxable income and you provide more than half of their total financial support. If their only source of income is Social Security, then none of their Social Security benefits are taxable, and they would have zero taxable income. In that situation and you provided over half of their financial support, then yes you can claim your parents as dependents. (And they don't have to live with you either, since there's no residency requirement for parents.)
Wiki User
∙ 16y ago
Wiki User
∙ 15y agoGenerally, you can for financial aid purposes if you still provide more than 50% of their support. Be aware that you may be called upon to prove this with tax documents and benefit statements.
Wiki User
∙ 16y agoYes, under U.S. law, if they meet all of the requirements.
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What happens if you claimed yourself and your parent claimed you as a dependent on taxes?
you will have to pay your own taxes not your parents.
Is it true that you cant get approved for section 8 housing if you were claimed as a dependent on your parents taxes in the previous tax year?
No.
Who claimed you as a dependent?
My Parents did.
How old do you have to be to get a loan for college on your own in Missouri?
If you are still living at home while in college your parents income will be counted, so you have to be totally independent and NOT claimed on your parents taxes as a dependent. So, it isn't dependent on age, but income.
When applying for a student loan are you an independent since your grandmother claimed you on taxes?
If you were claimed by your grandmother on her income taxes that would classify you as a dependent.
How long can I be claimed as a dependent on my parents tax returns?
Dependent on tax teturns
Can someone who receives food stamps be claimed as a dependent on your taxes?
yes they can
Can you remain a dependent on your parents taxes if you get married and both of the people married were dependent on their parents still?
No, if both spouses were claimed as dependents on their parents' taxes, they would not be able to file jointly as married. They would likely not qualify as dependents on their parents' taxes anymore once they are married and establishing their own household.
Been told that I cannot file taxes because parents claimed me as a dependent but made over 3000 is this true?
Absolutely, positively not.Whether your parents or anyone else claims you as a dependent has absolutely no effect on your obligation or ability to file taxes. Some people mistakenly believe that if your parents claim you as a dependent, they claim your income, your withholding and your refund, too. This is absolutely not true.People who make more than a certain amount are obligated to file taxes. However, ANYONE is permitted to file taxes. If you are due a refund, you must file taxes in order to get the refund. Your parents cannot get your refund for you. Whether your parents can claim you as a dependent has absolutely nothing to do with you. You must file your own taxes for your own income and withholdings. And if you owe taxes, you are obligated to file and pay them.
Can a girlfriend be claimed as a dependent on federal income taxes?
archers daniel midland
If a dependent filed their taxes and checked the box that they can't be claimed as a dependent but they can how can this be remedied?
The child would have to have their tax return amended and repay any money that they should not have got. If the parents also filed incorrectly, theirs would have to be amended as well.
Can an aunt claim a child on taxes that she doesn't support?
No. A niece or nephew cannot be claimed as a dependent unless the aunt is their legal guardian.No. A niece or nephew cannot be claimed as a dependent unless the aunt is their legal guardian.No. A niece or nephew cannot be claimed as a dependent unless the aunt is their legal guardian.No. A niece or nephew cannot be claimed as a dependent unless the aunt is their legal guardian.
