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Many more matters go into the equation. Really, the only way to tell is to at least sketch out a return and see where what you'll owe compares to what you've paid in. (And of course, what "good amount back" means is you own decision....understand, you may actually have to pay).

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Q: If I don't have a lot of money with held on taxes and claim 3 dependents on W-4 and also when I file will I still get a good amount back?
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If your dependents file tax returns can you still claim them?

Yes. Being claimed as a dependent doesn't prevent the dependent from filing a return. That also doesn't prevent you from still claiming them on your own return. The IRS gives guidelines for determining whether dependents are required to file tax returns. Also, even though dependents might not be required to file, they should file if tax was withheld in order to receive a refund of that tax.


If you claim zero on your taxes will you still owe money when you file?

for best tax return claim 0 at work and when you file claim 1


Do people that have foster children have to file taxes?

People with children, foster or biological, can claim them as dependents which offers a substantial tax advantage, however they do still have to file their income tax return.


Can you claim your daughter on your taxes if she already claimed herself?

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.


Can you still claim your 16 year old that is working full time on your taxes or do they claim themselves?

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.

Related questions

Can you still claim children as dependents if ex-husband emancipated them?

No. An emancipated minor is legally an adult.


Are benefits still being paid to civil war dependents?

Yes there. Are still two dependents of the civilwar that draw benefit


If your dependents file tax returns can you still claim them?

Yes. Being claimed as a dependent doesn't prevent the dependent from filing a return. That also doesn't prevent you from still claiming them on your own return. The IRS gives guidelines for determining whether dependents are required to file tax returns. Also, even though dependents might not be required to file, they should file if tax was withheld in order to receive a refund of that tax.


If you claim zero on your taxes will you still owe money when you file?

for best tax return claim 0 at work and when you file claim 1


Do people that have foster children have to file taxes?

People with children, foster or biological, can claim them as dependents which offers a substantial tax advantage, however they do still have to file their income tax return.


Died owing you money?

You should file a claim against the estate. Provide documentation of the debt. If you cannot document it, you can still claim it, but it is less likely to get paid.


Are the apartments allowed to come after me a year later for fines they claim I have not paid?

If there was money in controversy and it's still within the statutes of limitations for its type of claim (typically 2 years in most places), you can still sue for it.


What is the balance on a loan?

The balance means the amount of money that you still owe on the loan.


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.


How much money can a collage kid make before having to claim?

If your under 23 and your parents or guardian provide more than 50% of your income than your still a dependent. Even if this criteria is meet you can still claim yourself a independent.


Do you have to claim an employer furnished car as personal income on your tax return?

Yes. Anything of value you receive from your employer, it makes no difference if it's money or in lieu of money, is taxable. Call it what you want, it is still income. Your employer should be providing the required amount of income on your oersonal use of the vehicle in your W-2.


What is the maximum amount of money you can have in AQW?

4 million gold but with no cap so if you have 3999999 for your money and get 10000 it will still give it to you and you will have 4009999