Home | Links | Contact Us | Bookmark
Financial Forum Search :
   Homepage      News      Financial Topics     Finance Directories      Financial Forum      Dictionary  
Financial Forum    Taxes
Finance Discussion Forum

 Can I File Head of Household?
I live with my girlfriend, her son, and her mother in her mother's house. We have lived there for a little more than a year and have been paying half of the bills for maintaining the house. I am ...


 Can remodeling be claimed on taxes?
I am in the process of remodeling my rental apartment and I am wondering if the remodeling costs can be claimed on my income taxes for a ...


 Why don't all the people in the UK refuse to pay electricity bills?
at the present time electricity prices are controlled by shareholders in search of high profits,if all people in the UK refused to pay these inflationary prices the energy company's would have ...


 How much are uk pensioners allowed in their bank accounts before it affects their benifits rebates etc.?
...


 Question about tax stimulus packages. Please only answer if you know what you're talking about. Thanks!?
On the IRS website it says that anyone who CAN be claimed as a dependent (even if you weren't claimed) will not be receiving a stimulus rebate. I was a student for half of 2007 (graduated in M...


 I'm curious if anyone got their stimulus deposited with the last 2 of the SSN being 00-20 yet. Anyone?
I was just curious if anyone actually got their stimulus direct deposited yet that has the last 2 of the SSN 00-20. So many speculations as to "friends of people" having them deposited and ...


 Can I Deduct Clothing Donations to Charity?
Can I donate clothing to the Salvation Army and take a tax deduction?'

I had heard that the IRS had gotten tougher on clothing donations as deductions.

What things should I ...


 Is it better to use my tax refund to pay off my credit card or invest in an IRA?
...


 I got my income tax done for free and the person says that I must pay back 400$ back to the feds is this true?
I got my income tax done for nothing at a community centre by a volunteer.I make less than 14000per year last year,I claimed my rent , student loans interest,and my meds[which the person would not ...


 Can IRS ask you how you paid your mortgage when you didn't file a return?
I got a notice 746 from IRS asking me how I paid my mortgage in a year I didn't file. I actually wasn't working and lived off a cash out refinance. Can I ignore letter, can they ask this?? W...


 If you got more than one W2 this year....and you don't report all of them to pay less tax...?
What are your chances of getting busted?
Do the employers report your W2-s to the IRS?
Additional Details
Those rat bastards!!!!! My state and fed returns both went down by a ...


 The difference in claiming 1 or 0 on a W4..?
I am 21 and single.. so what is the best choice? I never know about how to fil these things out.....


 I haven't filed taxes in quite a few years. I haven't owed anything. How far back should I file?
I've been meaning to file for years, but for one reason or another, I never have. (I KNOW I'M SUPPOSED TO FILE EVEN THOUGH I DON'T OWE, BUT I'VE ALREADY ADMITTED THAT I HAVEN'...


 In any way, Can X-boyfriend claim me on His Federal Tax Form?
Lived together several years, parted 2002 as friends. For many reasons, he has continued to give me $ every month since parted (never over Fed gift amount per yr. Example: $12,000 is max for 2006-20...


 I own a duplex, Would I be able to incorporate myself and then, rent from myself? Tax benefits would be great
I am thinking that if I could do the above, my home repairs, and many other expenses would be tax deductible come tax time :)...


 Haven't filed taxes in 7 years? please help IRS is after me?
might be more than 7? but here goes...worked for self 4 or 5 years..during a bitter divorce...all my files were destroyed..during that time my home was repossessed, and the IRS is saying that the ...


 Will i have to pay tax on rental income (uk)?
Even when the rental income does not cover the mortgage repayments....


 How do I claim my tax back if I'm unemployed?
I worked on emergency tax code for 6 months at three workplaces and need to claim back A LOT OF MONEY. I've heard I have to give the P45s to my current employer but I'm unemployed at the ...


 Can my boyfriend claim me on his taxes?
Me and my boyfriend have a daughter together and we have live together for a year. I have not worked at all, because i am a student. Can he claim me on his taxes?...


 My taxes wasnt prepared right with h and r block?
...



lbrlsky
Benifits of co-habitation. My boy friend works. I am on disablity for lik e and he would like to?
for tax perposes to use me as a dependant. ( out of the 3000 he makes a week, gvmt takes 1000). Sure, in the long run, at retirement the extra income would be appreciated, but we have IRA's stocks.. etc and could live comfortably ater he retires. the question remains. can he claim me and/ or my autisic son as dependants.
Additional Details
we both had BAD marraiges and would like to avoid getting married when sharing everything thing but a license works for us.
                     
 




ninasgramma
Rating
Your bf can claim a nonrelated person such as you if

1. You have less than $3,500 of income subject to tax.

2. You lived with bf all year

3. Bf provided over half of your support. Your support does include the disability payments.

As for your child, your bf could claim the child if all of the above also holds for the child, plus the condition that you are not required to file a tax return, and if you do file a return, you do so only to get a refund of taxes withheld.

If you were a dependent, then you would be required to file a tax return if your unearned income (as from your investments) was $850 or more. So if you do have investment income of more than $850, your child could not be a dependent of the bf even though you were a dependent.

The tax benefits to bf for claiming you or your child are an additional exemption of $3,500 for each dependent. The child's exemption does not qualify for the child tax credit or for head of household filing status since the child is not related to him.


Judy1
Rating
If your gross income is over $3400 he can't claim you. If the disability payments are from social security, they might not count against the $3400. Also, he can't claim you unless he provides over half of your support - and ss disability DOES count toward that calculation as support you provide for yourself.

If he can claim you he might be able to claim your son, but not as a qualifying child for things like the child tax credit. And neither of you qualify him to file as head of household even if he can claim you.


Bob F
Since you and your son have no income (less than $3500) he can take you two as dependents if you both live with him ALL year.

By the way, you mentioned IRAs. I hope you know that you are not eligible to contribute money into any IRAs since you can only contribute up to your earnings which is 0. That is one place that marriage would work in your favor since you could then put some of his earnings into your IRA which would be called a spousal IRA.


quickspic
You need to make sure that him claiming you as a dependnt does not affect your disability or anything you get for your son.

If not then yes he can claim both of you.


jm
Rating
yup


mcdannells
Rating
Talk to a professional.

My son is autistic as well, I am going through disability.
If I were to marry or be on anyones taxes they would consider us a couple and take away my sons disability. Mine is still "pending".
This is what I have been told.....contact a professional tax person.
Medical bills etc.. is more then you b/f makes almost guaranty this.
If he can take care of all of you comfortably then you and your son would not need to be on disability (social services)....right?

mmm if bob is right, what does one put on the government forms as to where the disability money goes? I need to check that out (wink).


Rita B Good
I've been co-habitating with my partner for years can she claim me as a dependent despite the ban against our marriage?


Ms. Tonya TTC#1 2M/CS
Rating
Of course that would be a great idea it will save you both money and you will have the benefits of staying together as well


 Enter Your Message or Comment


User Name:  
User Email:   
Post a comment:







Archive: Forum -Forum -Finance - Links - 1 - 2 - RSS - All RSS Feeds
The Causes and the Results. 0.014
Copyright (c) 2011 Financial Crisis Tuesday, May 29, 2012 - Terms of use - Privacy Policy