Can my son claim me on his income tax return
WebFeb 8, 2024 · The student is eligible for the education credit on his or her tax return (as if the student paid his or her own tuition – if the student can prove they provided more than 50% of his/her own support). The parents are not eligible to claim the education credit because they are not claiming the student as a dependent on their tax return. WebMay 31, 2024 · No, he can not claim himself. The question that he has to answer on his tax return is can he be claimed on someone elses return, and the true answer is yes. Have him read the rules for claiming a dependent: Rules for Claiming an Exemption for a Dependent:
Can my son claim me on his income tax return
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WebDec 8, 2024 · Generally, no. Your minor child’s income won’t affect your taxes. If your child is single, under 65, not blind, and earned more than $13,850, they’ll have to file a separate tax return. However, you may elect to claim your child’s unearned income if you meet certain conditions. WebJan 21, 2024 · The child must not be filing a joint return for the year (unless that joint return is filed only to claim a refund of withheld income tax or estimated taxes paid). Also, if the child meets the rules to be a qualifying child of more than one person, only one individual can claim the child as a qualifying child.
WebSep 7, 2024 · If the parents of a year-old child never married but live together with the child for the tax year, and both contribute to the cost of maintaining the household for the child and themselves, may they both file as head of household? We’re the divorced or legally separated parents of one child. WebJan 27, 2024 · Yes, AOTC can be claimed for this student for qualified educational expenses paid during the entire tax year, if all other requirements are met and the student: Has not completed the first four years of post-secondary (education after high school) education as of the beginning of the tax year, and
WebDec 1, 2024 · • A minor who may be claimed as a dependent must file a return if their income exceeds their standard deduction ($12,950 for tax year 2024). • A minor who earns less than $12,950 will not owe taxes but may choose to file a return to receive a refund of withheld earnings. WebJun 10, 2024 · Depending on how much your child earns, they may not be required to file a federal income tax return. But if they’re having taxes withheld from their paycheck by their employer, they could be entitled to a tax refund–and the only way to get a refund is to file an income tax return.
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WebOct 19, 2016 · “Someone has already claimed me as a dependent — do I have to file a tax return?” Even if someone else, like a parent, claims you on their own tax return, you may still be required to file your own return. Filing requirements vary with annual income, marital status, earned income tax credit payments received, and other factors. slow speed latheWebFeb 9, 2024 · Say you support your married teenaged son: If he files a joint return with his spouse, you can’t claim him as a dependent. This rule doesn’t apply if the dependent files a joint return only to claim a refund of … slow speed high torque shredderWebCommunity Experts online right now. Ask for FREE. ... Ask Your Question Fast! slow speed motorcycle drillsWebFeb 9, 2024 · The answer is maybe—depending on your income and your son's. In order for your son to claim his sister as a dependent, his adjusted gross income (AGI) must be higher than any parent who could also claim her as a dependent, regardless of whether you choose to claim her or not. slow speed latch handpieceWebFeb 16, 2024 · You can claim certain adults as your dependents on your tax return, but it's subject to a lot of rules. The adult must live with you and receive more than half of their support from you. This adult dependent also can't earn more than a … slow speed minimum wake signWebSep 7, 2024 · You may be eligible to claim both your niece and her son as dependents on your return. In order to claim someone as your dependent, the person must be: Either your qualifying child or qualifying relative; A U.S. citizen, U.S. resident, U.S. national or a resident of Canada or Mexico slow speed metal chop sawWebMar 27, 2024 · Minors have to file taxes if their earned income is greater than $12,950 for tax year 2024 and $13,850 in 2024. If your child only has unearned income, the threshold is $1,150 for tax year 2024 ... soggy baby diapers