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Can I claim my son as a dependent on my tax return?
My 24 year old son is completing his graduate degree. He has full scholarships, but we pay for his insurance, rent, utilities, and $200 per month. He works 20 hours a week and collects $180 per week. We pretty much support him, can we claim his as a dependent even though the govt is taking out taxes from his paycheck?
9 Answers
- MadManLv 79 years agoFavorite Answer
Was he 24 as of 12/31/2011? If yes, then you cannot claim him. This is because:
1) He is not a qualifying child as he is 24 or older.
2) You did not provide at least 50% of his support.
3) He made over $3,700 last year.
You do support him but #3 pretty much negates anything. If he did make under $3,700 last year, then unless your contribution was greater than his income plus his scholarships, then again you cannot claim him.
If he was 23 as of the end of last year, then you might be able to claim him.
Source(s): IRS publication 501. - ?Lv 45 years ago
stay rational approximately this. Get out final twelve months's tax return. the single you probably did because of the fact the custodial discern. Did you report HOH or single? Did you get any EIC? Did you get any infant tax credit/additionla infant tax credit? Now, get a sparkling tax return and rerun the numbers an analogous way, yet get rid of the exemption and infant tax credit. How plenty does it replace? that's what you would be giving up in case you signed the style 8332. If that's totally little, evaluate signing. the style 8332 is voluntary. that's criminal and exists so as that divorced mothers and fathers can negotiate, besides the shown fact that it is not a call for and has no longer something to do with paying infant help.
- ?Lv 79 years ago
Under the age of 24 is one of the rules that have to be for you to be able to qualify your son as qualifying child dependent which he is already age 24 RIGHT.
And making 180 a week X 30 weeks
Over age 24 for a qualifying relative GROSS iincome would have to be less than 3700 for the 2011 tax year for you to be able to qualify to claim him as QR dependent for this purpose. So my guess will have to be NO you can NOT because he would not meet ALL of the rules for this purpose. NO way.
Hope that you find the above enclosed information useful. 05/06/2012
- troLv 79 years ago
he is no longer your qualifying child, the limit was age 24 and graduate school is not considered the full time school to qualify
if he lives in your household the ENTIRE year, you provide more than 50% of his support, he does not earn $3800(for 2012), and he cannot be claimed on the tax return of any one else(except his how ONLY to file to claim his refund)
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- JudyLv 79 years ago
No. At 24, you could only claim him if his gross income for the entire year was under $3700 for 2011, 3800 for 2012. He makes far more than that.
This is the rule no matter how much of his support you provide.
- SlickterpLv 79 years ago
Yes, as he is a full time student and does not provide more than half his own support, and he turned 24 after the first of this year.
Otherwise he makes too much.
- A HunchLv 79 years ago
To have a qualifying child the child must be under 24 years of age, so he would not qualify.
- 9 years ago
No, you can't. After I graduated high school, I worked part-time while going to college and lived at home, but I still had to do my own taxes. Once you turn 18 and graduated high school, you're on your own as far as taxes. If he's a decent sort, he'll give you some of the money from his returns as a way of paying you back.
- Menard KLv 79 years ago
unfortunately the tax system is so complex
that the only thing I can recommend is to seek competent legal advice on this subject.
Hate to rain on your parade ....... but ...........