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If I claim 2 dependents on my taxes, will I owe taxes?
Claiming dependents on your taxes can reduce the amount of taxable income you have, which may lower the amount of taxes you owe. However, whether or not you owe taxes depends on various factors such as your income, deductions, and credits. Claiming dependents alone does not determine if you will owe taxes.
Do I have to claim dependents on my taxes?
You are not required to claim dependents on your taxes, but doing so may help you qualify for certain tax benefits.
Do you have to file taxes jointly with your spouse?
No, you do not have to file taxes jointly with your spouse. You have the option to file taxes separately if you choose to do so.
How do dependents lower taxes?
Dependents can lower taxes by allowing the taxpayer to claim certain deductions and credits, such as the Child Tax Credit or the Dependent Care Credit, which can reduce the amount of taxable income and overall tax liability.
Will I owe taxes if I claim 2 dependents on my tax return?
Claiming dependents on your tax return may reduce the amount of taxes you owe, as it can lower your taxable income. However, whether or not you will owe taxes ultimately depends on various factors such as your total income, deductions, and credits.
I lied about the number of dependents i have on my taxes?
File an amended return before the IRS questions the return.
Can you file taxes as head of household being single with no dependents?
I believe you need a dependent to have a household.
If I claim 2 dependents on my taxes, will I owe taxes?
Claiming dependents on your taxes can reduce the amount of taxable income you have, which may lower the amount of taxes you owe. However, whether or not you owe taxes depends on various factors such as your income, deductions, and credits. Claiming dependents alone does not determine if you will owe taxes.
Do I have to claim dependents on my taxes?
You are not required to claim dependents on your taxes, but doing so may help you qualify for certain tax benefits.
On this year's income tax can you file dependents?
You can always file dependents on your income tax return, as long as you have dependents living in your home that you are responsible for supporting financially.
Do people that have foster children have to file taxes?
People with children, foster or biological, can claim them as dependents which offers a substantial tax advantage, however they do still have to file their income tax return.
Can you remain a dependent on your parents taxes if you get married and both of the people married were dependent on their parents still?
No, if both spouses were claimed as dependents on their parents' taxes, they would not be able to file jointly as married. They would likely not qualify as dependents on their parents' taxes anymore once they are married and establishing their own household.
Can dependents file taxes?
Yes. The IRS has income guidelines for determining whether dependents are required to file their own tax returns. Generally, for 2008 income, dependents are required to file if single under 65 with earned income of over $5,450 ($5,700 for 2009) or if married under 65 with earned income of over $6,800 ($7,100 for 2008). Even if your income is below the level requiring you to file, you should file if income tax was withheld from your earnings in order to receive a refund of that tax.
You are married your husband has no social security number you have three dependents how can you file so that you will get a stimulus rebate check?
you (the one with the social security number) file taxes as single, and claim all 3 dependents. how did you get married to him, yet he has no social security number? if he wasnt a citizen he instantly becomes one when you got married...
File taxes if no income withheld and have dependents?
Everyone is allowed to file tax. Whether you are required to file tax depends on the source and amount of your total income (not just earnings from your job) and your filing status. The fact that you had no income tax withheld does not necessarily mean you do not have to file tax.
I dont have the social security number for my dependents can I file?
You can file a paper return, but your claim will be rejected. You cannot efile. You can either file now without the dependents and file an amended return after you get the information or you can file an extension now and then finish when you get the information.
Can you file your mother on your income taxes?
The laws regarding claiming of dependents are complicated. Generally, a person who relies on you as their chief means of support (more than half) can be claimed as a dependent.
