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Check irs.gov. It probably depends on whether she is still a full time student and is your dependent.
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∙ 15y ago
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When do you stop getting earned income for a child?
I assume you mean earned income credit. Assuming you are qualified by the child being yours or a qualified relative, they must be 18 or under, 24 and under if a full time student, receiving over half their support from you and not working, and your income being within the guidelines of EITC.
If you received unemployment all year can you get the child tax credit?
just went and did our taxes..my husband was on unemployment all year with no earned income and we didnt qualify for EIC or Child tax credit and have a 18 month old son. sucks but whos gonna take on the IRS
How long can parents claim children on income tax?
until the child is 18
How much can a 18 year old get for a car loan?
It's based on your income and credit history.
How far back can they use your income to decide child support?
In Illinois, where the obligor had variable income, I've heard of the courts going back as far as two years. That's the standard for all states. Unfortunately, it's also used for retroactive order of up to 18 years, rather than what was earned 18 years ago. see links
Can you get a tax refund if you claim dependents but don't have any claimable income?
No, you cannot. For supporting a dependants you may get a non - refundable tax credit, which is always calculated over your tax due. In other words- no taxes to pay, no tax credit for the dependant. But, if you speak about a child up to 18 years old, you might be eligible for CTB (child tax benefits) or Universal child tax benefits.
If your child is 18 can you claim them on your taxes?
My child was in the Job Corps last year, can I still claim him on my federal income taxes as a dependant?
Can you apply for a home loan if im 18 years of age?
yes but you will need to have credit to do so, also an income
Can parents take a deduction for taxes paid on child's investment income?
Essentially, under kiddie tax, his income becomes yours. You don't get a deduction for taxes you pay, of course. If he files seperately, you don't get a deduction for taxes someone else pays, nor for the amount you must include at YOUR rate, not his probably lower one. Children with investment income may have part or all of this income taxed at their parent's tax rate rather than at the child's rate. Investment income includes interest, dividends, capital gains and other unearned income This rule applies to children who have investment income of more than $1800 and meet one of three age requirements for 2008: 1. The child is younger than 18. 2. The child is 18 and has earned income that does not exceed one-half of their own support for the year. 3. The child is older than 18 and younger than 24 and a full-time student with earned income that does not exceed one-half of the child's support for the year. To figure the child's tax using this method, fill out Form 8615, Tax for Certain Children Who Have Investment Income of More Than $1,800, and attach it to the child's federal income tax return. When certain conditions are met, a parent may be able to avoid having to file a tax return for the child by including the child's income on the parent's tax return. In this situation, the parent would file Form 8814, Parents' Election To Report Child's Interest and Dividends. More information can be found in IRS Publication 929, Tax Rules for Children and Dependents. This publication and Forms 8615 and 8814 are available on the IRS Web site at IRS.gov in the Forms and Publications section. You may also order them by calling the IRS at 800-TAX-FORM (800-829-3676).
What is legal age for credit card in US?
You must be at least 18 years of age to apply for credit in the US. However, you must have a co-signer and/or proof of adequate income. To independently get a credit card you must be 21.
Are parents legally responsible for child's credit card debt?
If the parents are the primary card holders and let the child use the card, yes. If the child is a minor, yes. If the parents are a co-signer for the account, yes. If the child is over 18 and the credit card is their own, no.
Can a child under 18 sue someone for taking credit for them?
Generally, no, but their parents or guardian (if the parents refuse) can do it for them.
