Just to make sure I got this right, you want to use your parent as the qualifying person to make you Head of Household, correct?
This is very common. As long as you are not married, you can use your parent to claim HoH. In fact, your parent need not live with you at all.
To use your parent as HoH:
1) Your parent MUST be your dependent. That means, among other things, that they earned less than $3,300 in 2005. Right here, I find it hard to imagine that your mother earns less than $3,300 and is considering purchasing a home anywhere in the U.S. in the foreseeable future.
2) You must pay for over 1/2 of the costs of the place where your parent lives for the entire year. If they live with you, then it is only for 1/2 the year.
As far as there being a problem with her financial future by you claiming her, absolutely not. The only financial "problem" she has is that, since she is your dependent, she must not be earning much money. Of course, if this is just a slow year for her and she expects to earn a lot in the future, or if she has a lot of money in the bank, then no problem. Can I assume she did earn more than $3,300 in 2005? If so, she can't be your dependent and she can't qualify you as HoH. Sorry.
2006-12-01 08:46:40
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answer #1
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answered by TaxMan 5
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Head of Household filing requires listing of the dependent. There should not be any detriment to her obtaining loans; however, in most cases, a dependent parent does not have much income (see below limitation), and would most likely not qualify for loans anyway.
You may be able to file as head of household if you meet all the following requirements.
You are unmarried or “considered unmarried” on the last day of the year.
You paid more than half the cost of keeping up a home for the year.
A “qualifying person” lived with you in the home for more than half the year (except for temporary absences, such as school). However, if the “qualifying person” is your dependent parent, he or she does not have to live with you.
Additionally, the person considered a dependent is also subject to certain limits on earned income - for 2005, it was $3,200.
2006-12-01 05:57:36
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answer #2
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answered by Country Boy 5
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Depends on how old you are, if you are still a teen and living at home or going to school, you cannot claim head of household. If you are an adult and your mother is elderly and lives with you then you are the head of household. If you claim it and you are not you and your mother can get audited which could potentially be disastrous for both of you.
2006-12-01 04:58:38
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answer #3
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answered by Scooter Girl 4
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To file as head of household you must have a qualifying dependant. So, no.
2006-12-01 04:57:09
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answer #4
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answered by Anonymous
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you comprehend the way they say something like "We fell into one yet another's fingers?" that quite somewhat actually got here about with my father and mother. My aunt became shifting out of my grandparents' abode, and her pal helped her bypass, and he knew my father, and so my father went alongside for the vacation even as my aunt's pal helped her bypass, and my mom became tagging alongside for the vacation, besides, or perhaps as my mom were given contained in the decrease back seat of the vehicle, my father became already sitting there such as his arm out and resting on the decrease back of the seat, as if it became an arm relax, and my mom ended up sitting the position my father's arm became prolonged out. So, my father and mother met contained in the decrease back seat of a motor vehicle, with my father's arm around the position my mom sat down.
2016-11-30 00:34:35
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answer #5
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answered by ? 4
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