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Can your spouse claim you as a dependent if you did not work?
No not as a dependent. On the married filing joint income tax return the is an exemption on the 1040 tax form the same as the taxpayer.
What is the difference between exemption and deduction?
Exemption doesn't form part of total income while deduction form part of a total income.
Is a claimed dependent an exemption or a deduction?
Both. A taxpayer (the person who can claim the dependent) claims exemptions for themselves and their dependents. Each exemption qualifies them for a deduction. The amount changes each year ($3,700 per exemption for 2011) and a person will multiply the number of exemptions on Form 1040 line 6 by the amount for their total deduction on Form 1040 line 42. The deduction for exemptions reduces their taxable income.
Can a person age 19 be claimed as an exemption on federal tax forms as an IRS dependent?
Yes if and when all of the necessary rules have been met by each taxpayer that is named on the 1040 income tax return. Not as a IRS dependent but as a dependent on the qualifying taxpayers income tax return that qualifies to claim the 19 as an dependent for the exemption amount on the 1040 income tax form. For all of the rules go to the IRS gov website and use the search box for PUBLICATION 17 go to chapter 3. Personal Exemptions and Dependents Each test is explained in chapter 3 of the publication 17 and you will also find the worksheet that you can use to determine if the support test is met.
Can a 19 year old file for income tax?
Yes. If you are a qualifying child dependent or qualifying relative dependent of another taxpayer the you will have to check the box on the 1040 income tax return that you are using indicating that you are being claimed as a dependent and would have to use the worksheet that is provided in the instruction book for the 1040 tax form that you are using. The QC or or would not be able to claim the exemption amount on your own income tax return
Can your spouse claim you as a dependent if you did not work?
No not as a dependent. On the married filing joint income tax return the is an exemption on the 1040 tax form the same as the taxpayer.
What is a Personal Dependent Exemption on an IRS personal income tax form?
The IRS allows you to "Exempt" a portion of your income for yourself, and your spouse, as well as qualifying Dependents. A dependent may be either a child living with you or a dependent relative. In order for you to claim them as a dependent the must meet certain income tests and you must provide at least 50% of their support. You can find details in IRS Bulletin 501 http://www.irs.gov/publications/p501/index.html
What is the difference between exemption and deduction?
Exemption doesn't form part of total income while deduction form part of a total income.
Is a claimed dependent an exemption or a deduction?
Both. A taxpayer (the person who can claim the dependent) claims exemptions for themselves and their dependents. Each exemption qualifies them for a deduction. The amount changes each year ($3,700 per exemption for 2011) and a person will multiply the number of exemptions on Form 1040 line 6 by the amount for their total deduction on Form 1040 line 42. The deduction for exemptions reduces their taxable income.
Can a person age 19 be claimed as an exemption on federal tax forms as an IRS dependent?
Yes if and when all of the necessary rules have been met by each taxpayer that is named on the 1040 income tax return. Not as a IRS dependent but as a dependent on the qualifying taxpayers income tax return that qualifies to claim the 19 as an dependent for the exemption amount on the 1040 income tax form. For all of the rules go to the IRS gov website and use the search box for PUBLICATION 17 go to chapter 3. Personal Exemptions and Dependents Each test is explained in chapter 3 of the publication 17 and you will also find the worksheet that you can use to determine if the support test is met.
Can a 19 year old file for income tax?
Yes. If you are a qualifying child dependent or qualifying relative dependent of another taxpayer the you will have to check the box on the 1040 income tax return that you are using indicating that you are being claimed as a dependent and would have to use the worksheet that is provided in the instruction book for the 1040 tax form that you are using. The QC or or would not be able to claim the exemption amount on your own income tax return
Why cant divorced parents file for the same kid in taxes and how would the government know?
Only one qualifying child dependent exemption each year for one child. The social security number that is on the 1040 tax form will identify the duplicated child exemption on the taxpayers 1040 income tax returns.
Why are students NOT able to claim exemption on their W-4 form?
Students are generally not able to claim exemption on their W-4 form because they typically do not meet the income threshold required to qualify for the exemption. To claim exemption, a taxpayer must have had no tax liability in the previous year and expect none in the current year. Most students earn income that may be subject to withholding, thus making them ineligible for exemption. Additionally, claiming exemption incorrectly can result in tax liabilities at the end of the year.
Can a sixteen year old claimed their own income taxes?
Yes. If a qualifying child dependent of another taxpayer the child will have to check the box on the 1040 income tax return that they are using indicating that they are being claimed as a dependent and would have to use the worksheet that is provided in the instruction book for the 1040 tax form that they are using. The QC would not be able to claim the exemption amount on child's own income tax return
Ask us of these tax forms allows an employee to claim an exemption from federal income tax withholding?
The tax form that allows an employee to claim an exemption from federal income tax withholding is Form W-4. On this form, employees can indicate their eligibility for exemption if they had no tax liability in the previous year and expect none in the current year. It's important to accurately complete this form to avoid under-withholding and potential tax liabilities.
What tax forms allows an employee to claim an exemption from federal income tax withholding?
An employee can claim an exemption from federal income tax withholding by submitting Form W-4 to their employer. Specifically, they should indicate their exemption status in the appropriate section of the form, typically if they had no tax liability in the previous year and expect none in the current year. It's important to ensure that the exemption criteria are met, as incorrect claims may result in penalties.
What tax forms allows employees to claim and exemption from federal income without withholding?
Employees can claim an exemption from federal income tax withholding by submitting Form W-4 to their employer. To qualify for the exemption, individuals must meet certain criteria, such as having no tax liability in the previous year and expecting none in the current year. It's important for employees to accurately complete this form, as claiming an exemption without meeting the requirements may result in owing taxes when filing their return.
