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).
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.
for best tax return claim 0 at work and when you file claim 1
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.
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.
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.
No. An emancipated minor is legally an adult.
Yes there. Are still two dependents of the civilwar that draw benefit
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.
for best tax return claim 0 at work and when you file claim 1
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.
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.
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.
The balance means the amount of money that you still owe on the loan.
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.
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.
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.
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