Do we 1) include her $6000 income and withholdings on our return?, or 2) have her do her own separate return for her $6000 income and withholdings? Is option-2 correct?
Thanks!!
2007-01-29 11:01:44 · 8 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
option 2 is corect,
according to the IRS, if she is single, she does, the amount to file is 5,150. i assume she lives at home, and you paid most of her support. in that case, you get to claim her
http://www.irs.gov/publications/p929/ar02.html#d0e280
her standard deduction is going to be limited to $850 or earned income plus $300, but not more than the regular standard deduction (generally $5,150).
on that income
2007-01-29 11:09:41 · answer #1 · answered by Jen 5 · 0⤊ 0⤋
She would do her own return. You can still claim her as a dependent if she meets the requirements to be claimed - in that case, she'd mark her return to show she's a dependent, and would owe a little tax, under $100, and would get the rest of her federal income tax withholdings back.
2007-01-29 19:45:10 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
Yes she will need to file her own form. But you can still claim her till she is 21, if she does not file head of house then you can still use her as a dependent. You can go to the tax place and they will let you know which way the either of you could get back more money.
2007-01-29 19:13:38 · answer #3 · answered by leea 2 · 0⤊ 0⤋
She will file her own return but she will file that someone can claim her as a dependant since you have paid over half of her support for the year. You will then claim her as a dependant on your return.
2007-01-29 19:12:45 · answer #4 · answered by ebosgramma 5 · 0⤊ 0⤋
First, you failed to mention your daughter's age? If she's between 19 and 24, a full-time student and you supported her for 6 months of more in 2006, you and your husband can still claim her as a dependent. If this holds true, technically, you are still her custodial parent and have the right to claim her!
Now, if you claim her, she can still file on her own but CANNOT claim herself for the dependent credit. More scenarios but I'm tired of writing.....wanna know more........e-mail me!
2007-01-29 19:16:03 · answer #5 · answered by Anonymous · 0⤊ 0⤋
She does her own return, however she does NOT claim her personal exemption if you claim her as a dependent.
2007-01-29 19:20:45 · answer #6 · answered by Bostonian In MO 7 · 0⤊ 0⤋
She needs to do her own return.
2007-01-29 19:09:12 · answer #7 · answered by Terrence B 3 · 0⤊ 0⤋
answer two. if you file her with your taxes she will not make anything on her taxes. so fi you chose option 2 i don't think you can use her on your taxes
2007-01-29 19:12:17 · answer #8 · answered by mrsmonkey829 2 · 0⤊ 0⤋