my daughter which i have claimed on my taxes got a job but made less than 3000.00 in 2006, should i claim her or should i let her file alone...she has no dependants so she wont get any earned income or anything....what do you suggest i do...claim her or not?
2007-01-19 05:27:49 · 5 answers · asked by beachnut222000 4 in Business & Finance ➔ Taxes ➔ United States
should be able to do both...
she did not make much and still resided with you?
can still claim her....
check your booklet about amount dependent can make and still be claimed.
2007-01-19 05:33:13 · answer #1 · answered by cork 7 · 1⤊ 0⤋
Go ahead and claim her. Having the dependent exemption will benefit you more than it does her. When she files her return, since you are claiming her as a dependent, she doesn't get the personal exemption for herself, but she can claim the standard deduction. For someone who is claimed as a dependent, the standard deduction is the lesser of the person's earned income or the "regular" standard deduction for a single person. Since she earned less than the standard deduction for a single ($5,150), her standard deduction will be her wages, so her taxable income will be zero.
2007-01-19 13:37:07 · answer #2 · answered by jseah114 6 · 0⤊ 0⤋
If you contributed more than 51% of her living expenses - shelter, food, utilities, medical, etc. - than you can claim her as a dependent.
She should file her own return in order to get back any tax withheld.
In addition, she should open a tax deductible Individual Retirement Account IRA (with a loan from you, if possible) of up to $3000 (her earned income).
2007-01-19 13:52:33 · answer #3 · answered by PALADIN 4 · 0⤊ 0⤋
It depends. If she lived with you for over half the year and is under 19, then you can. If she's under 24 and was a full-time student for some part of at least five months of the year, and she lived with you for at least half the year, then yes. If she didn't live with you for at least half the year, or doesn't meet the age test above, then no, you can't.
2007-01-19 14:00:44 · answer #4 · answered by Judy 7 · 0⤊ 0⤋
Hello there!!! I think you should claim her. I don't see any reason why you wouldn't. If you have any doubt read the book but as I said it should all be good.
2007-01-20 18:57:09 · answer #5 · answered by ←Shea→ 4 · 0⤊ 0⤋