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The IRS considers income from watching a grandchild as self-employment. The individual should file a schedule C for business income, and pay self-employment tax on the income earned.
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∙ 9y ago
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Can a person claim their unemployed boyfriend and grandchild as dependents?
Boyfriend no...Your grandchild, naybe.
Can you claim unemployed boyfriend and grandchild as dependents?
Maybe. If your boyfriend lived with you the entire year, and there is no local law against your cohabitation, and his income was less that $3,500 (in 2008), and you provided over half of his total support for the year, you may claim him as your dependent. If your grandchild lived with you over 1/2 the year, and was under age 19 on December 31, or under age 24 and a full-time student, or any age and permanently and totally disabled, and you provided over 1/2 of his or her support for the year, you may claim him as your dependent.
Do you have to claim your income tax return as income on unemployment?
No
Do you have to claim child support as income?
no
Can you claim your wife if she has no income?
Yes
How do i claim housekeeping income?
Yes,You Can!
What if your son is 17 and working can you still claim him and his income on your 2009 income tax?
Yes as long he and you meet the qualifications for you claim him as your qualifying child dependent on your income tax return. He would have to file his own income tax return reporting his own income and he would not be able to claim himself for exemption amount on his own income tax return.
Do you claim temporary workmen's comp benefits as income?
You may have to claim it, but it is nontaxable.
Can you claim scrubs on your income taxes?
Yes, if you are required to purchase uniforms to wear for your job, such as scrubs, there is a deduction you can claim on your income tax forms.
What if you forgot to claim one of my income on my income tax?
I forgot to claim one of my income when I filed my 2006 income taxes. It is now 2008 and the IRS is slapping me with an interest and penalty charges. Can I file the missed income/W-2 on my next years (2009) income tax?
Do you need document to claim grandchild on taxes?
There are four items to be met: 1. Relationship - Are they related to you? Yes, as a grandchild. 2. Residency - They live with you more than 50% of the time. 3. Age - They are under 19 years old (or 24 if enrolled full time in school for at least 5 months) at the end of the year. 4. Support - They do not cover more than 50% of their own costs (working or investment income).
Can I claim my children as dependents on my tax return if my income was from unemployment benefits?
Unemployment income does not effect your dependents and your ability to claim them on your return. As long as you meet the other requirement to claim your children then you can certainly claim them.
