Yes, you must file a tax return, even if someone else claims you as a dependent, if you had earned income or interest. Most taxpayers who are claimed as dependents on someone else's return use form 1040EZ, especially if they claim the standard deduction and do not need to itemize deductions.
If you are being claimed as a dependent on your parents or anyone else's return then you will have to file a tax return. If not then no you don't have to file a return.
The child would have to have their tax return amended and repay any money that they should not have got. If the parents also filed incorrectly, theirs would have to be amended as well.
A "dependent" who supports themselves isn't really your dependent, and therefore can't be claimed as one.
Yes. Still file a tax return so that you can get any refund that you are entitled to. Make sure to mark on the return that you can be claimed as a dependant so that it is not rejected by the IRS.
If you're a single student claimed as a dependent on your parents' (or someone else's) return, you weren't required to file in 2007 if your income was under $5,350. If you weren't being claimed as a dependent by anyone else, you weren't required to file if your income was under $8,750. But if income tax were withheld from your earnings during the year, you should file a return in order to get a refund of that tax. If you didn't file a return in 2008 for a refund of your 2007 tax withheld, you still can file for that year.
If you are being claimed as a dependent on your parents or anyone else's return then you will have to file a tax return. If not then no you don't have to file a return.
The child would have to have their tax return amended and repay any money that they should not have got. If the parents also filed incorrectly, theirs would have to be amended as well.
You can know if someone has claimed you as a dependent by asking them directly or by checking your tax return status.
A "dependent" who supports themselves isn't really your dependent, and therefore can't be claimed as one.
To determine if you are claimed as a dependent on someone else's tax return, check if they provide more than half of your financial support.
Yes, a college student who is claimed as a dependent on their parents' tax return can still receive a refund if they have earned income and file their own tax return. If their income is below the taxable threshold or if they qualify for tax credits like the Earned Income Tax Credit, they may receive a refund even though they are a dependent. However, the dependent status affects their eligibility for certain tax credits.
In most cases, if you are claimed as a dependent on someone else's tax return, you are not eligible to receive food stamps.
In the United States, a person who earns over a certain amount has to file taxes, depending on filing status and age. Technically, anyone who can be claimed as a dependent should not have to file because the majority of their living expenses were paid by someone else. If a dependent earns more than the minimum allowable amount, they are no longer considered a dependent and must file taxes.
Each qualified dependent on your tax return can reduce your tax by as much as $3900 per person. Dependents can include parents, boyfriends or girlfriends or anyone your are supporting, not just children.
Yes. Still file a tax return so that you can get any refund that you are entitled to. Make sure to mark on the return that you can be claimed as a dependant so that it is not rejected by the IRS.
No, individuals who were claimed as dependents on someone else's tax return are not eligible to receive a stimulus check.
To remove a dependent from your taxes, you must ensure they do not meet the criteria to be claimed as a dependent. This includes making sure they do not live with you for more than half the year, do not provide more than half of their own financial support, and are not claimed as a dependent on someone else's tax return. If they no longer meet these criteria, you can simply not include them on your tax return.