0
Is there a tax credit for adult children living at home who don't work or only make a certain amount a year?
You cannot claim any dependents if you, or your spouse if filing jointly, could be claimed as a dependent by another taxpayer.
You cannot claim a married person who files a joint return as a dependent unless the joint income tax return is only a claim for refund and there would be no tax liability for either spouse on separate returns.
You cannot claim a person as a dependent unless that person is a U.S. citizen, U.S. resident alien, U.S. national, or a resident of Canada or Mexico
You cannot claim a person as a dependent unless that person is your qualifying child or qualifying relative.
For all of the rules go to the IRS gov web site and use the search box for PUBLICATION 17 go to chapter 3
You can click on the below related link
What else can I help you with?
Credit union and banks provide the same types of financial services?
Credit unions and banks provide many of the same financial services. The main difference between them is that credit unions usually have some requirement that is necessary for a person to become a member. Such requirements can range from living in a certain area to working in a certain industry or company.
Does someone living at an address with a bad credit history affect the credit rating of that address for anyone else living there?
No. Credit is tracked by the individual, not by an address.
How does living with parents affect credit score?
Living with parents does not directly impact credit score. Credit score is based on an individual's credit history and financial behavior, such as paying bills on time and managing debt responsibly. However, if a person living with parents is not building their own credit history, it could potentially affect their credit score in the long run.
Is there child tax credit for 2009?
You may be able to claim a child tax credit if you have a qualifying child. A qualifying child is a child who: # Is a United States citizen, a United States resident, or a national of the United States, # Is under age 17 at the end of the calendar year in which your tax year begins, # Is your son, daughter, stepson, stepdaughter, legally adopted child, or a child placed with you for legal adoption, brother, sister, stepbrother stepsister, foster child placed with you by an authorized placement agency or by a court order, or a descendant of any such person, and who # Shares with you the same principal place of abode for more than one-half of the tax year, or is treated as your qualifying child under the special rule for parents who are divorced, separated, or living apart. For more information, refer to Publication 501, Exemptions, Standard Deduction, and Filing Information. The credit is limited if your modified adjusted gross income is above a certain amount. The amount at which this phase-out begins depends on your filing status. You can find the phase-out range for your filing status in the Publication 972, Child Tax Credit. In general, the child tax credit is limited also by the sum of your income tax liability and any alternative minimum tax liability. For example, if the amount of the credit is $600, but the amount of your income tax is $500, the credit ordinarily will be limited to $500. However, there are two exceptions to this general rule. First, if the amount of your child tax credit is greater than the amount of your income taxes, you may be able to claim an "additional" tax child tax credit if your earned income exceeds the base amount for the year. Second, if you have three or more qualifying children, you may be able to claim an additional child tax credit up to the amount of Social Security taxes you paid during the year, less any earned income credit you receive. If you qualify under both these exceptions, you receive the greater of the two additional amounts
What are the requirements to open an account at a credit union?
To open an account at a credit union, you typically need to meet eligibility criteria such as living in a certain area, working for a specific employer, or belonging to a particular organization. You will also need to provide identification, such as a driver's license or passport, and make an initial deposit.
What is the definition of happy living?
if you live happy for certain amount of time
What is the percentage of immigrants or children of immigrants currently living in Ohio?
52% live there and they illegal amount is 7%
Credit union and banks provide the same types of financial services?
Credit unions and banks provide many of the same financial services. The main difference between them is that credit unions usually have some requirement that is necessary for a person to become a member. Such requirements can range from living in a certain area to working in a certain industry or company.
Where were the children living?
children were living in an orphanage
What is meant by variation within living things?
it is a change or a slight differrence in condition amount or level typically with certain limit
Does someone living at an address with a bad credit history affect the credit rating of that address for anyone else living there?
No. Credit is tracked by the individual, not by an address.
Where are doctor barnardo's children living?
The children were living in a orphanage.
How do you change your accent?
By living in a different area for a few years or by subjecting yourself to a certain culture such as American TV for an excessive amount of time.
How does living with parents affect credit score?
Living with parents does not directly impact credit score. Credit score is based on an individual's credit history and financial behavior, such as paying bills on time and managing debt responsibly. However, if a person living with parents is not building their own credit history, it could potentially affect their credit score in the long run.
Where were the children?
children were living in an orphanage
Are John Waynes children living?
Five of his seven children are still living.
Are there any temptations children living in atlanta ga?
are any of the temptations children living
