we have had several people move in with us and i was wondering. we have a 18,19,20&21 year old move in and i wanted to know if we can claim as dependants 18,19&20 are all students and do not work. 21 just started a job 3 weeks ago. i appreciate all of the input.
2006-09-22 03:10:01 · 4 answers · asked by ninersgalfrtx 1 in Business & Finance ➔ Taxes ➔ United States
did not mention 3 are our children one is a friends child.
we have had several people move in with us and i was wondering. we have a 18,19,20&21 year old move in and i wanted to know if we can claim as dependants 18,19&20 are all students and do not work. 21 just started a job 3 weeks ago. i appreciate all of the input.
2006-09-22 03:58:29 · update #1
If you have no relationship to a person, then in order for you to ever claim them as a dependent on your federal income tax return (Texas doesn't have an income tax), all of the following must happen. If all of the following are true, then they will be your "Qualifying Relative". A qualifying relative and qualifying child are the new terms the IRS uses to define dependents:
1) They must live with you the entire year...not just 6 months which is a very common misconception.
2) You must provide at least half of their financial support. This can be difficult if they are students who are paying for their education from loans that they will be responsible to pay back. Any loans they take for education are considered to be support from them. In that situation, it may be very difficult for you to pay 1/2 of the support. Support can be a difficult thing to figure out. You should do some research (I suggest Publication 17 from the IRS) or see a tax professional.
3) Their gross income for the year must be less than the standard exemption which, for 2006, is $3,300.
4) They can NOT be a "Qualifying Child" of anybody...even if that person decides not to claim them. See below for what is needed to be a qualifying child.
5) You can't be someone's dependent.
Age is irrelevant. If they are your own child, then they will most likely be your Qualifying Child. The criteria for being a qualifying child are different than qualifying relative. To be a qualifying child, they must:
1) Be under 19 at the end of the year (or under 24 and a full-time student)
2) Be your sibling, child, or any descendent of them including step and half, but not in-law.
3) The child can not provide more than 1/2 of their own support. Notice I didn't say that you have to provide 1/2 of their support, just that they don't. Remember the loan information I mentioned earlier.
4) You can't be someone's dependent.
Notice, I didn't mention income or residence. These are irreverent.
Hope this helps! :)
2006-09-22 18:51:06 · answer #1 · answered by TaxMan 5 · 0⤊ 0⤋
They can be claimed as dependents if they live in the home more than half the year and do not receive an annual salary over the IRS minimum. If they recently moved in they will not meet the time of residence requirement for 2006.
2006-09-22 10:14:36 · answer #2 · answered by Letsee 4 · 0⤊ 1⤋
To claim anyone as a dependent, you have to provide more than 50% of their support. You also should provide housing for at least 6 months out of the year. You also should determine if they are eligible to be claimed as a dependent on anyone else's tax return.
For more detailed info visit:
http://www.irs.gov/taxtopics/tc354.html
2006-09-22 10:52:41 · answer #3 · answered by J L 2 · 1⤊ 2⤋
No. That's something you're doing out of the goodness of your heart. Dependents are your children or relatives that meet certain requirements.
2006-09-22 10:49:08 · answer #4 · answered by misslabeled 7 · 0⤊ 1⤋