I was wanting to know if my husband could claim me as a dependent, because I don't have a job and current attending school. I can't seem to find the information on the irs site. Any info ...
every year I get splitting headaches at tax time because of the unfairness and unnesassary paperwork. Then I worry for the next month that I will get audited or that I paid too much. Is it normal ...
are there any provisions in the tax code that would allow me to deduct a capital loss against a traditional ira account? say some one had purchased an american common stock at it's high's ...
In 1987 and 1988 I worked then i moved to another state but never filled out the taxes for those years, is there a way i can claim it or is too late by that time i was single and had 2 kids....
I am 18 years old and am currently attending college with 14 credit hours per semester; I am also working around 20+ hours per week. My parents claimed me as a dependent for the 2007 tax year, but I ...
So my fiance has been working since Oct of 07 steady income but not as much as we will like he will be filling a years worth of 12,000 (roughly). I have been working since July of 08 and will be ...
I live with my boyfriend. We are kinda disagreeing about who should claim our son, who was born in September. I am not working right now and he is. I only worked about 3 months this enitre year but I ...
I havent worked since December of 2006 and I was in college from that time on. Am I eligible to receive an income tax check because i received income from refund checks from school?...
she has not work for the last past 6yr also she is on state's funds for our kid's medical she has denied me visitation, and getz away with it, because her paid lawyer. I am unable to find ...
I'm single with no dependants and I don't own a home. This last year I grossed $7500 and I do have a side business but didn't make more than $2000 doing that. So what can I do? Any ...
I am being told 2 different things on how to report it on my taxes. One person is telling me that i can claim that money under pain and suffering due to the fact that i had to take numerous shots ...
I just asked the secretary of our accountant that prepared our 2006 Tax Returns if he had a copy of our taxes, becasue we didnt have them for some reason and she said it she wasnt sure if I could ...
I owe over $3000. I dont have it. Can I file my taxes and pay this over time or can I send it in later? What are the laws on this? I need a few months to pay it....
You can still claim yourself. You better file your own taxes too!
v b
It means that the $3500 exemption goes the person who provides more than half of your support. Since you live with her, the odds are you are NOT supporting yourself.
If you make wages of $5450 or more, then it's an issue.
Judy1
If you do not provide over half of your own support, and you live with her, she can claim you. Since the value of housing and household expenses is part of your support, unless you pay her substantial rent you are probably not providing half of your own support.
If she claims you, you can still file your own return, but just can't claim yourself.
John G
She can claim your exemption which gives her a tax deduction. You will still need to file though if you make a sizable income. You just won't claim your exemption/deduction.
It might seem unfair at first that she gets the deduction, but it is overall better for the both of you as she is likely to be taxed at a higher rate since she likely makes more money.
ALLAN C
If your mother have you as a dependent, you still have to file but you cannot claim your personal exemptions (which your mother will claim). You are left with the standard deductions.
My advise is for you and your mother to compute which is more beneficial for both of you.
Trent D
To claim a child as a tax deduction means that they are getting a tax incentive for having a child in her house hold. Unless she is claiming that you have worked for her and have received a wage in which case you have to claim taxable income. Either way you still have to file taxes if you are working.
Southern Man
It depends on how much money you earned. If it's less than $5000 or so, you'll pay no tax whether you claim yourself or not. If that's the case, let your mom claim you - it saves you money - and then don't claim yourself on your own return.
Jss
If you are a dependent, you can not file your tax return.
Read about the filing requirements of a dependent: http://taxipay.blogspot.com/2008/02/filing-requirement-for-dependent.html
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