Yes.
You may not claim your personal exemption, you may have a reduced standard deduction, you may not be able to claim certain education benefits, you may not claim another person as a dependent, and many other effects.
if u carry a dependent
archers daniel midland
Yes you can it just depends what agency you file your taxes with
Being a dependent of someone else for tax purposes decreases the amount of money you will get from the government. This mean you are not supplying the majority of your living expenses, someone else is and they should be able to use you as a dependent on their taxes.
No, sorry. You can only claim someone related to you as a dependent.
Yes, you can still file taxes in 2021 if you have no income but claim a dependent.
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if u carry a dependent
Whether or not your dependent needs to file taxes depends on their income, age, and other factors. Generally, if your dependent has earned income above a certain threshold set by the IRS, they may need to file taxes. It's recommended to consult with a tax professional or use the IRS guidelines to determine if your dependent needs to file taxes.
Yes, you may need to file taxes for your child if you claim them as a dependent, depending on their income and other factors.
archers daniel midland
Yes you can it just depends what agency you file your taxes with
Claiming a dependent on your taxes means that you can reduce your taxable income by a certain amount for each dependent you claim, such as a child or relative, who relies on you for financial support. This can lead to lower taxes or a higher tax refund.
Being a dependent of someone else for tax purposes decreases the amount of money you will get from the government. This mean you are not supplying the majority of your living expenses, someone else is and they should be able to use you as a dependent on their taxes.
No, sorry. You can only claim someone related to you as a dependent.
If you were claimed by your grandmother on her income taxes that would classify you as a dependent.
Taxes are not age-dependent. In general, if you make money, then you have to file taxes. In some cases parents are allowed to fold the income of their minor children into their own tax returns, but if you have income at all, then SOMEBODY has to pay taxes on it.