My 18 year old daughter has income, can I claim her as a dependent?
morgslife
got a job and made about $7000.00 in income and they took out a combined
$800.00 in taxes. She didn't claim herself while she was working. This is
the last year I will be able to claim her on the earned income credit. She
also is enrolled in college since last fall, it that makes a difference.
Can I let her file an EZ form and not claim herself and then claim her on
my taxes as a dependent? If anyone has any suggestions or know what I
should do, please let me know. All help appreciated.
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Phil Marti
> My daughter lived with me 12 months in 2007. She turned 18 in August. She
> got a job and made about $7000.00 in income and they took out a combined
> $800.00 in taxes. She didn't claim herself while she was working. This is
> the last year I will be able to claim her on the earned income credit. She
> also is enrolled in college since last fall, it that makes a difference.
It makes no difference for 2007, but it will make a difference for 2008 and
beyond if she's a full-time student.
> Can I let her file an EZ form and not claim herself and then claim her on
> my taxes as a dependent? If anyone has any suggestions or know what I
> should do, please let me know. All help appreciated.
It boils down to whether she provided more than half her own support for
2006. See IRS Publication 501 for a description of what constitutes
support.
If she provided more than half her own support for 2007 you cannot claim her
as a dependent. If she didn't, you can. If she's a full-time student in
2008 the rules are the same as for 2007, including the rules for EITC.
If she is your dependent for 2007 she files her return showing she's a
dependent. If she isn't, you can't claim her as a dependent, but you can
still claim her as a qualifying child for EITC.
--
Phil Marti
Clarksburg, MD
Condor
> got a job and made about $7000.00 in income and they took out a combined
> $800.00 in taxes. She didn't claim herself while she was working. This is
> the last year I will be able to claim her on the earned income credit. She
> also is enrolled in college since last fall, it that makes a difference.
>
> Can I let her file an EZ form and not claim herself and then claim her on
> my taxes as a dependent? If anyone has any suggestions or know what I
> should do, please let me know. All help appreciated.
Phil is correct that you can claim your daughter if you provided more than
half of her support. Your question is a common one and in most cases the
answer works out as follows.
You file and claim your daughter's dependency exemption. You also claim her
as a qualifying child for earned income tax credit (EITC) assuming the
requirements of the law are met.
Your daughter files her own return showing she is claimed as a dependent on
someone else's tax return. Thus she is ineligible to claim a personal
exemption for herself. Her earnings in excess of the single standard
deduction ($5,350) will be taxed at 10%. That should leave your daughter
with a tax liability of about $165 and her due a refund of the remaining
withholding.
Encourage your daughter to prepare and e-file her return through the IRS
FreeFile portal (link pasted below). There are numerous participating
vendors, but I like to use one of the two industry leaders: TurboTax or H &
R Block. I prepared my own daughter's tax return last night on the TurboTax
FreeFile site and found it very easy to use.
If she e-files and requests direct deposit of her refund, the money will be
in her bank account in 10 days or less.
http://www.irs.gov/efile/article/0,,id=118986,00.html
Condor
the peak of dominance
"Condor" <Con...@loosecannon.net> wrote in message
news:DbednZHMMv5dpjLa...@comcast.com...
also, heres a link to show you when youll get your refund (if owed) based on
your file date. shows direct deposit and check-by-mail
http://www.irs.gov/pub/irs-pdf/p2043.pdf
HTML version -