My son moved to NY to live on his own after college; the jobs haven't come through for him and so I have been paying all his bills; I really could use the tax break asa single, working mom.
2007-01-14 12:19:09 · 9 answers · asked by twistoffate62 1 in Business & Finance ➔ Taxes ➔ United States
No. Rent can not be deducted.
2007-01-14 12:22:29 · answer #1 · answered by Jfranc1 3 · 0⤊ 5⤋
Did your son attend college for at least parts of five months in 2006? Seems like he did, if he graduated in 2006.
Is he under 24 as of 12/31/2006?
Did he live with you (or live in a dorm or apartment financed by you while away at college) for more than six months in 2006?
If all answers are yes, then your son is still your qualifying child and you can take his exemption as usual.
If he was 24 or older as of 12/31/2006, did he make less than $3,300? If so, he is your qualifying relative and so a dependent.
Finally, if he was over 24 and made $3,300 or more, sorry, no exemption.
2007-01-14 12:31:13 · answer #2 · answered by ninasgramma 7 · 1⤊ 0⤋
That depends on when he moved out on his own. If he didn't live with you for over half the year, then no you can't. If he did live with you for over half the year, and is under 24, and was a full-time student for some part of at least five months during 2006, then you probably can.
If he lived in a dorm or a student apartment during college, but his permanent address was still at your home, then that time counts as living with you.
2007-01-14 13:12:47 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
To be able to claim a dependant on you taxes they must meet the 5 qualifiers, Age, Relationship, Residency, Support, & Special Test for qualifying child of more than one person.
Relationship: He meets relationship because he is your son
Age: He can only meet age if he is under 19 at the end of the year, a full time student under the age of 24 (full time student refers to 12 credit hours for at least 5 months of the year), or permanantly and totally disabled at any time during the year.
Residency: He must have lived with you for at least 6 months of the year (not 5 months and 30 days, it HAS to be 6 months exactly or more).
Support: He cannot have provided more than half of his support.
Based on this you CANNOT claim him as a dependant because he is not living with you.
2007-01-14 12:48:32 · answer #4 · answered by intaxgirl 3 · 1⤊ 0⤋
Legally, no because of his age and since he did not live with you but if he doesn't have a job and does not file his own tax return and claim himself you could get away with it.
2007-01-14 12:24:31 · answer #5 · answered by bug 1 · 1⤊ 2⤋
You can claim your son in your IRS declaration provided he is of an age acceptable to be claimed.
2007-01-14 12:24:25 · answer #6 · answered by Anonymous · 1⤊ 2⤋
As long as he does not file income taxes and claim himself as a dependant..you absolutely can!
2007-01-14 12:23:22 · answer #7 · answered by Anonymous · 0⤊ 3⤋
If you paid 50% or more of his living expense you can.
2007-01-14 12:24:54 · answer #8 · answered by Anonymous · 0⤊ 3⤋
yes
2007-01-14 12:22:30 · answer #9 · answered by ? 7 · 0⤊ 3⤋