2007-01-21 00:10:58 · 6 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
How old is your son? If he is over 19 and not a full-time student you cannot claim him because he earned too much. If he is under 24 and a full-time student you most likely can claim him. I assume he lives with you and that he did not provide more than half of his own support. With $4,000 in income he would need a lot of savings to do that.
If his income was only from a job, he is not required to file but should do so if he had any tax deducted.
2007-01-21 04:02:21 · answer #1 · answered by skip 6 · 0⤊ 0⤋
If you can claim your son as a dependent, you should do so. Your son should file if there was withholding tax taken out of his pay. If his unearned income was under $850, or his earned income was under $5150, and you claim him, he does not have to file unless he is getting money back. The only way he can get a return of the tax withheld is to file.
2007-01-21 11:26:19 · answer #2 · answered by anr 3 · 0⤊ 0⤋
Yes, your son is required to file a return. And yes, you still can claim him as a dependent even though he has to file his own tax return also.
2007-01-21 08:18:41 · answer #3 · answered by Piggy 1 · 1⤊ 0⤋
He should probably file a return. You cannot claim him as a dependent if he claims himself. More than likely it would be more to your advantage to claim him than it would be for him to claim himself. I believe the statute states that if you pay at least half of his living expenses and he either lives at home or is in school, you can claim him as a dependent.
2007-01-21 08:16:10 · answer #4 · answered by Flyby 6 · 0⤊ 0⤋
You both file. you claim him and he checks the box on his return that says he is claimed on another return. I did that last year with my daughter.
2007-01-21 10:17:01 · answer #5 · answered by redpantyluver 4 · 0⤊ 0⤋
he does need to file taxes yes you can still calim him , but if i was you i would check with my tax man or women
2007-01-21 08:19:19 · answer #6 · answered by Anonymous · 0⤊ 0⤋