You generally can claim your minor children as dependents because they usually aren't providing more than half of their own support. When you look at support for a person, consider all expenses paid for them, such as housing, food, transportation, etc. Only if the minor child is providing more than half of their own support do you lose their exemption. Any money the child puts into a savings account does not go towards their own support and is basically taken out of the mix. See IRS Publication 501.
Example: Julie is 17 and made $8,000 this year, mostly in the summer. She's saving most of her money and put $5,000 in a savings account. Julie has paid $3,000 towards her own support. As long as her parents have paid more than $3,000 towards her support, she is their dependent. If Julie didn't put any money in savings, then her parents would have to pay more than $8,000 towards her support to claim her as a dependent.
If you have paid for more than half of their support and they do not claim themselves on their taxes, I believe you can claim them as long as you have documentation to prove it.
The only way to do this is if she is a working minor who still lives with you or a full-time college student with a part-time job who still relies on you for money and also still resides with you.
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I was on assistance and my mother claim my kids on her taxes until they were old enough to work themselves. I just found out about it. Is there anything I could do about it?
can you claim street clothes on you taxes
Yes. If the child lives with her and is under 18.
No. But they can't claim themselves if they file. No. But they can't claim themselves if they file.
Unless you are providing more than half of a person's support, you can not claim them on your taxes. If a person is surviving on public assistance, and supporting themselves from that they can not be claimed on taxes.
My child was in the Job Corps last year, can I still claim him on my federal income taxes as a dependant?
If you have paid for more than half of their support and they do not claim themselves on their taxes, I believe you can claim them as long as you have documentation to prove it.
The only way to do this is if she is a working minor who still lives with you or a full-time college student with a part-time job who still relies on you for money and also still resides with you.
Your auto insurance claim has nothing to do with filing your income taxes. You file your auto claim by notifying your agent right when the incident occurs so they can start working on the claim as fast as possible.
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if she is supporting the children, their guardian or foster parent she can claim them. She pays taxes on her income and the children are part of deductions. This is something you need to discuss with her and a tax expert.
I was on assistance and my mother claim my kids on her taxes until they were old enough to work themselves. I just found out about it. Is there anything I could do about it?
can you claim street clothes on you taxes
My son didn't file taxes last year 2011. is he still able to claim any of his 2011 taxes along with his 2012 taxes in 2013?