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Taxes and my minor child (asking for future reference).?
I am the mother of four, the oldest turns 15 this year. She has done a little work here and there but never earned enough to need to file a return of her own, and of course she remains our dependent.
What I am wondering about is this year (and the possibility of how it would affect our 2013 returns when we file next year). If she, at 15, makes more than 3700 we would not be able to claim her as a dependent per the current rules?
I just want to make sure I completely understand. This is what I understand from multiple questions/answers I have seen asked and answered here. If I am understanding correctly, it is completely absurd as that money is HER money and does not go toward her care and support at all. Her money is used for her horse, mainly, and other extras not her housing, utilities, medical expenses, clothing, food, education, etc.
3 Answers
- card-ronLv 78 years agoFavorite Answer
If your daughter was 19 or older ( 24 or older if a full time student) and made more than $3900 in 2013, you would not be able to claim her as a dependent.
Since your daughter is only fifteen, the maximum income rules do not apply. Generally, as long as she lives with you for more than half the year and does not provide for more than half of her support, you can still claim her as a dependent.
- kelby7670Lv 78 years ago
There are two kinds of dependents. The IRS calls them "child" and "relative".
A "child" is not necessarily your child.
A "relative" is not necessarily related to you.
Since your "child" (real and IRS) is only 15 it doesn't matter how much she earns.
The earnings limit is on a "relative".
\She will be a "child" until she turns 19 or 24 if she is a student.
If she turns 19 and is not a student she becomes a "relative" if you still support her.
She can not be a "relative" if she makes more than $3700
- JudyLv 78 years ago
You can still claim her unless she supports herself including paying for her share of the household expenses.
