Regarding income taxes , my 23 year old son has lived all year at home with us , his parents. When I get?

Question

ready to file my taxes will I still be eligible to use him as a deduction even though he will have to file ?

Answer 1

Yes the only thing is that when he files his taxes he has to file them as a dependent and denote that he is being claimed on another person's (your) taxes.

Answer 2

You can only claim him if he was a full-time student for at least five months of 2006, and did not provide at least half of his own support. Otherwise, no, even if you supported him.

Next year when he's 24, you won't be able to claim him even if he is a student.

Answer 3

If you pay for more than 50% of his upkeep you can,
BUT if you both claim the deduction, the IRS will be cleaning you both out later.
Best to decide between you , WHOM will get to claim the deduction - and if he insists on it being him, show him the door.

Answer 4

FROM PAGE 21 OF MY RECENTLY REC'V'D 1040-A FORMS

IS THE QUALIFYING CHILD YOUR SON, STEPCHILD, FOSTER CHILD, STEPBROTHER, OR DESCENDENT OF THEM ?? AND ( HER NEEDS TO MEET ALL THREE OF THESE AND's ) COMING UP

SET #1

1) UNDER AGE 19 AT THE END OF 2006 -- NO IN YOUR CASE

2) UNDER AGE 24 AT THE END OF 2006 AND A STUDENT
( SEE PAGE 23) -- WHEN YOU GO THERE IS HE A STUDENT FOR FIVE CALENDAR MONTHS OF 2006 AND FULL-TIME AT A SCHOOL, FULL-TIME, ON-FARM TRAINING COURSE OR A STATE, COUNTY OR LOCAL GOVERNMENT AGENCY?? INCLUDES TECHNICAL, TRADE OR MECHANICAL SCHOOL.

BUT NOT ON THE JOB TRAINING
CORRESPONDENCE SCHOOL OR
INTERNET SCHOOL


3) ANY AGE AND PERMANENTLY AND TOTALLY DISABLED

(THIS IS END OF FIRST SET OF REQUIREMENTS)

SECOND PART /SET -- IN ADDITION TO QUALIFYING ABOVE

DID NOT PROVIDE OVER HALF OF HIS OWN SUPPORT FOR 2006 ( RECOMMENDS PUBLICATION 501)


AND THIRD PART OF THE REQUIREMENTS - MUST HAVE ALL THREE TO DEDUCT HIM

LIVED WITH YOU FOR MORE THAN ONE HALF OF 2006 -- IF NO ---- SEE EXCEPTIONS INFORMATION ON PAGE 23)

YOU CAN PICK UP TAX FORMS AT SEVERAL LARGER POST OFFICES , LIBRARIES AND FROM YOUR LOCAL IRS OFFICES --- AND THEY CAN ANSWER YOUR ??'S WHILE YOU ARE THERE --

Answer 5

It depends on how much of his support came from you and if he's a student. Go to the IRS website for more info.

Answer 6

My wife used to be in the tax business and she says it depends how much he make and whether he's in college. She said call the IRS.

Answer 7

If you made more than him and can prove that you provided more than half of his support then yes you can claim him.

Answer 8

So sorry, no.