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What else can I help you with?
Is a parent plus loan tax deductible?
yes
Can you get a loan on child tax Benefit?
Try loan express or cashx!
Can parent claim child and their student loan?
yes
Can a child take a loan for a parent?
Yeah but will the child pay back? And will the parent allow to give their child a huge amount of money?
How do you Transfer a plus loan to child?
Parent didn't sign Masters Promissory note so it is technically not the parent's loan or responsibility right? Because of this, can a Direct PLUS loan get transferred to the child if a mistake was made in the loan process?
Can a parent loan a college age child money?
Sure, a parent can own a child of any age money!
Can a parent get a student loan for a child if the parent files bankruptcy?
Probably not. What the loan is for isn't the issue. His record of repaying loans is.
Where to enter child's w2 income?
On the child's Form 1040, 1040A, or 1040EZ. A separate tax return must be filed by the child (or for the child if the child is too young). A parent cannot report a child's W-2 income on the parent's tax return. The only time a parent can report a child's income on the parent's return is if the kiddie tax applies and the child's only source of income is interest and dividends.
Can a parent loan be signed over to a student?
In the US, unfortunately the answer is no. A parent PLUS loan must stay with the parent. If you cosigned on a loan for your child and the loan is federally guaranteed, then you can get your name off of the loan by having your child consolidate the loans. If you need help with the consolidation of the student loans, click on the link at the bottom of this text box.
What is the purpose of IRS Form 8332 and how does it impact tax filings?
IRS Form 8332 is used to release a parent's claim to a child's dependency exemption for tax purposes. This form allows the noncustodial parent to claim the child as a dependent on their tax return. It impacts tax filings by determining which parent can claim certain tax benefits related to the child, such as the Child Tax Credit or the Earned Income Credit.
Can a parent take a child's tax return?
If the child is 18 or older, and is not in custodial care of the parent by the courts, they're legally an adult, and the parent has no legal right to lay claim to their tax returns.
What happen if a parent dies and they gave the house to there child and took a loan on there home for repairs what happen to the balance of the loan?
the child continue to pay the loan of her his parents
