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morgslife
Joined: 10 Feb 2008 Posts: 3
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Posted: Sun Feb 10, 2008 3:10 pm Post subject: My 18 year old daughter has income, can I claim her as a dep |
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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.
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
Joined: 25 Aug 2007 Posts: 2520
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Posted: Sun Feb 10, 2008 10:08 pm Post subject: Re: My 18 year old daughter has income, can I claim her as a |
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"morgslife" wrote:
> 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.
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Phil Marti
Clarksburg, MD |
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Condor
Joined: 25 Aug 2007 Posts: 49
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Posted: Sun Feb 10, 2008 3:00 pm Post subject: Re: My 18 year old daughter has income, can I claim her as a |
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> 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.
>
> 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 |
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the peak of dominance
Joined: 01 Feb 2008 Posts: 8
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Posted: Sun Feb 10, 2008 8:49 pm Post subject: Re: My 18 year old daughter has income, can I claim her as a |
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"Condor" wrote in message @comcast.com...
>> 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.
>>
>> 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
>
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 -
http://209.85.165.104/search?q=cache:ksedGTuGS-QJ:www.irs.gov/pub/irs-pdf/p2043.pdf+irS+efile+refund&hl=en&ct=clnk&cd=1&gl=us |
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morgslife
Joined: 10 Feb 2008 Posts: 3
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