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Yes as long as all of the rules are met by and the child to be your qualifying child dependent on your income tax return.
Dependent not allowed a personal exemption. If you can claim an exemption for your dependent, the dependent cannot claim his or her own personal exemption on his or her own tax return. This is true even if you do not claim the dependent's exemption on your return or if the exemption will be reduced under the phaseout rule described under Phaseout of Exemptions, later.
Make sure that the dependent indicates on the 1040 income tax return that him/her is using indicates this and cannot claim the 3650 exemption amount on the income tax return that is being filed.
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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.
What is the Last day to file taxes for 2008?
The deadline was April 15, 2009. If you missed the deadline, file your 2008 taxes as soon as possible. If you owed money, you still owe it and interest and penalties are added for every day you wait. If you had a refund coming, it is not too late to claim it.
Do I file taxes from years ago that I didn't file?
You are always allowed to file taxes, even years after the fact. If you were required to file in a given year, you should file for that year. The statute of limitations does not start until after you have filed, so there is no time limit. Generally, you will not get a federal refund if you file more than 3 years late (state deadlines may vary). If you are owed a refund for bad debt or worthless security deductions, you have seven years in which to claim it. If you were not required to file for a given year and it is too late to get a refund for that year, there is probably little reason to file.
Do children need to pay income tax for income earned?
Yes. There is no exception to taxes on account of age. The child must file their own tax return (obviously if the child is too young, the parents can fill it out for them). The child's income cannot be combined on the parents' return (unless the child is subject to the kiddie tax and the child's ONLY source of income is interest and dividends).
Too late to file 2007 taxes?
You have three years from the filing deadline to file your income tax return to receive your refund. Taxes for 2007 were due on April 15th 2008. You have until April 15th 2011 to file to receive a refund. Never if you have a tax liability.
What happens when it is time to file your taxes if you claim too many allowances?
Get more money back when you file
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.
What is the Last day to file taxes for 2008?
The deadline was April 15, 2009. If you missed the deadline, file your 2008 taxes as soon as possible. If you owed money, you still owe it and interest and penalties are added for every day you wait. If you had a refund coming, it is not too late to claim it.
Can I file my taxes electronically?
Taxes may be too tedious for some and luckily for you there is an easier way to file your taxes, and this is through the electronic program known as TurboTax.
can i file back taxes?
i went to federal prison is it too late
Can the mother of a child file for child support after the child has turned 18 and both parents went to court and the mother agreeded to dismiss the charges already?
If you agreed to dismiss a claim for child support arrears you cannot file a new case regarding those same arrearages. If you agreed to forego child support prior to the child reaching 18 then it is too late to go back now.
Your minor child injured someone severly in your home you are responsible Can you file a claim you knew she was a danger?
Yes, you can always ''file'' a claim (it costs you nothing) with your home owners insurance company, and most particularly should as the parents of the other child will more than likely file suit. There may be some exclusion (as not too many details in your question) that would not allow coverage, however, I have seen an awful lot of things covered/paid that children of the household have done. File the claim, and find out, cooperate fully with the investigation. And I'm very sorry.....
Can you claim someone one your taxes who owes the student loans?
too bad so sad
Do I file taxes from years ago that I didn't file?
You are always allowed to file taxes, even years after the fact. If you were required to file in a given year, you should file for that year. The statute of limitations does not start until after you have filed, so there is no time limit. Generally, you will not get a federal refund if you file more than 3 years late (state deadlines may vary). If you are owed a refund for bad debt or worthless security deductions, you have seven years in which to claim it. If you were not required to file for a given year and it is too late to get a refund for that year, there is probably little reason to file.
File an Extension for State Taxes Too?
If you require an extension on the filing of your taxes, do not forget to file an extension for state taxes too. Of course, if you live in a state like Florida that does not have a personal income tax, then you will not need to worry about filing taxes at all. In a majority of other states filing an extension is essential. You may incur certain fees or expenses if you fail to file an extension for your state taxes. Be sure to research the requirements for your state on receiving an extension for the filing of state taxes.
Im on unemployment when i file my taxes can i put my home on there too?
Yes you would file your 1040 income tax the same as you always have.
You are under 18 do you need to file a return?
There is no exception to the filing requirements because of age. If you had sufficient income or you want to claim a refund, then you have to file regardless of your age. Obviously, a parent should file on behalf of a child who is too young to handle something like that. But a parent cannot report a child's income or withholding on the parent's return (one exception: if the child's only income is interest and dividends and the child is subject to the kiddie tax). A separate return must be filed on behalf of the child.
