If you're a dependent on someone else's return
You can be claimed as a dependent and still need to file your own tax return. Your filing requirement depends on your income, marital status and other criteria.
Yes, if the child is a dependent the child may be claimed on your tax return. This may allow you to claim child & dependent care tax credits, as well as increase your earned income tax credit.
Even if you're not required to file a return, you might want to file a tax return as a dependent. Filing a tax return for your child or other dependents will allow them to get a refund of any tax withheld.
For qualifying dependents who are not a qualifying child (called “qualifying relatives” in tax law), the person's gross income for the 2023 tax year must be below $4,700 (for 2023). For qualifying relatives, they must get more than half of their financial support from you.
To meet the qualifying child test, your child must be younger than you or your spouse if filing jointly and either younger than 19 years old or be a "student" younger than 24 years old as of the end of the calendar year.
If a person meets the requirements for a qualifying child or relative, you can claim them as a dependent. You can do this regardless of your filing status.
Generally, a child is responsible for filing his or her own tax return and for paying any tax, penalties, or interest on that return. If a child can't file his or her own return for any reason, such as age, the child's parent, guardian, or other legally responsible person must file it for the child.
It's important to note that if two or more taxpayers claim the same child, the IRS will use the “tiebreaker rule” to figure out who is eligible. You can always speak about your specific situation with your Jackson Hewitt Tax Pro when questions arise.
If your gross income was $5,050 or more, you usually can't be claimed as a dependent unless you are a qualifying child. For details, see Dependents.
If the person who claimed you did so in error, they will need to file an amended return to remove you as a dependent. If the person who claimed you did so fraudulently, you may also need to contact the IRS to report identity theft.
The maximum tax credit per qualifying child is $2,000 for children under 17. For the refundable portion of the credit (or the additional child tax credit), you may receive up to $1,700 per qualifying child. What to know ahead of filing season:What are the tax brackets for tax years 2024 and 2025?
There is no age limit for how long you can claim adult children or other relatives as dependents, but they must meet other IRS requirements to continue to qualify. Additionally, once they are over 18 and no longer a student, they can only qualify as an "other dependent," not a qualifying child.
With that timeframe, California residents should keep their state tax records for at least four years. Be sure to securely dispose of you old tax [+] records.
The general rule is that a parent can claim a dependent child's investment income on their own return up to a certain amount —above that, the child needs to file themselves. To claim a child's income on a parent's tax return, the child needs to be considered a qualifying child dependent of the parent.
Your child can still qualify as a dependent if they file their own taxes. They will need to indicate that someone else claims them as a dependent on their return.
But, to answer it, I offer the following: First, and most obvious, if your friend claims his kid on his own tax return, for anyone else to claim him would be illegal, PERIOD end of story. Nobody can claim a single dependent deduction on more than one - their own - return.
Can they claim an exemption for me as a dependent or qualifying child on their tax return? Share: It's possible, but once you're over age 24, you can no longer be claimed as a qualifying child. The only exception to this is if you're permanently and totally disabled.
The short answer is no, you cannot claim yourself as a dependent on your tax return. This is because you are considered to have your own personal exemption. In other words, you cannot claim yourself as a dependent because you are already claiming yourself as a personal exemption.
Yes, your parents can claim you as a dependent after the age of 18 indefinitely as long as you meet the qualifying household and financial support requirements.
What you'll get. The most you can claim is $592.
The IRS sets these specific age limits: Under 19. If the child is under 19 years old at the end of the tax year, they typically qualify as your dependent. Under 24 and a full-time student.
Generally, the IRS requires that the child is under the age of 19 (or under 24 if a full-time student), lives with you for more than half the year, and does not provide more than half of their own financial support.