0
All of the rules for you and the child have to be met that would allow you to be able to claim an individual as a qualifying child (QC) dependent on your income tax form.
For all of the rules go to the IRS.gov web site and use the search box for PUBLICATION 17 go to chapter 3. Personal Exemptions and Dependents
Qualifying Child
There are six tests that must be met for a child to be your qualifying child.
The six tests are
1 Relationship
2 Age
3 Residency
4 Support
5 Joint return, and
6 Special test for qualifying child of more than one person.
These tests are explained next.
Table 3-1 Overview of the Rules for Claiming an Exemption for a Dependent
What else can I help you with?
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.
If you have child that is 18 years old and still in High School and they are a dependent of yours can you still claim them on your 2008 Federal Income Tax?
Yes
If your parent claims you on their income taxes can you still file yourself?
No Yes, you just cannot claim yourself as a deduction.
Do you have to claim a 1099?
Yes, if you receive a 1099 form, you are generally required to report the income it reflects on your tax return. This includes various types of income, such as freelance earnings, interest, dividends, or rental income. Even if you don't receive a 1099 for income you earned, you are still obligated to report it. Failing to do so can lead to penalties and interest from the IRS.
If a college student earns 3000 in a school year can the parents still claim her as a dependent on their income taxes?
Yes...presuming they meet all the other dependency tests. The student cannot then claim a dedcution alos, although one isn't needed in this casse.
Can you file taxes in 2021 if you have no income but claim a dependent?
Yes, you can still file taxes in 2021 if you have no income but claim a dependent.
Do you have to claim the income if renters pay less than the mortgage?
Yes, it is still income, regardless of your expense. You should, however, be able to claim the shortfall as a tax write-off.
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.
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?
If you have child that is 18 years old and still in High School and they are a dependent of yours can you still claim them on your 2008 Federal Income Tax?
Yes
If your parent claims you on their income taxes can you still file yourself?
No Yes, you just cannot claim yourself as a deduction.
I bought eBay stock and have lost 85 per cent of my investment can I claim the loss on my income tax?
Not if your still holding stock. After you sell it you can claim your profits or losses.
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.
You were a full time student in 2008 and 2009 with no earned income can you still file for the American opportunity credit?
As a dependent on another taxpayers income tax return you would not be qualified to claim the education benefits.
If you earned income for the whole year while in a penal institution do you still file income taxes?
Sure. The fact that you were incarcerated does not exempt you from filing income taxes and paying tax on your income. It does prevent you from claiming many of the tax credits such as Earned Income Credit, Child Tax Credit as you cannot claim that you supported your children or that they lived with you during this time.
Can you have savings and claim income support?
Yes, you can have savings and still claim income support, but there are limits on the amount of savings you can have without affecting your eligibility. In many regions, if your savings exceed a certain threshold, your income support payments may be reduced or denied. It's essential to check the specific regulations in your area, as these limits can vary. Always consult official resources or a financial advisor for personalized guidance.
Do you have to claim a 1099?
Yes, if you receive a 1099 form, you are generally required to report the income it reflects on your tax return. This includes various types of income, such as freelance earnings, interest, dividends, or rental income. Even if you don't receive a 1099 for income you earned, you are still obligated to report it. Failing to do so can lead to penalties and interest from the IRS.
