1. My daughter is 16 goes to school and works PT. I can still claim her right? She claimed 0 dependents on her W2. In the summer she wanted to work FT. Can I still claim her? What do I do with her W2 ? Do I have to report it also?
2. If I am married and worked PT and only made $4,500.00 on my W2 and we are filing joint do I have to report my income. I thought under a certain amount you don't have to claim? I am not sure since I'm married...
Thanks for you input.............
2007-02-13 14:00:38 · 6 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
On my daughters, when I claim her as a dependant, do I count in her wages as income with my spouse & mine?
2007-02-14 03:03:59 · update #1
1. yes you would claim your daughter as a dependent. however, she would also need to file her own tax return to report her wages and withholding. you would list her as a dependent on your tax return. your daughter would check the box that says "dependent of another" on her tax return.
2. yes you must report your W-2 on your joint tax return. you also most likely had taxes withheld from your wages which you would need to report.
2007-02-13 14:15:07 · answer #1 · answered by tma 6 · 0⤊ 1⤋
Yes you can still claim your daughter, if she is not providing more than half of her own support. If she files a return, she should check the box that says she is claimed as a dependent. On a 1040EZ, it's on line 5.
You do not report her income on your return.
On your second question: if you were single, you would not have to file if your income was under $8450, but if you did file, would have to report ALL of your income. Since you are married filing a joint return, you would not have to file if your total income for the two of you was under $16,900, but if you do file, you have to report all income from each of you.
2007-02-14 00:47:27 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
I am a tax pro at H and R Block and I am letting you know this because I want you to feel secure about what I am going to tell you.
1. To claim a child they must meet 4 tests.
a relationship (she is your daughter)
b age (under 18 or 24 if in college)
c support (you take care of her financially)
d residency (must be a resident or US citizen)
2 The answer is yes you and your husband must file a joint return, and you have to give you income information too. If you make less than $3200 then you don't have to file a return, but in your case you must because you are married and your husband (i think) has worked in 2006.
3 Go to H and R Block and tell your tax pro your situation, he or she will help you.
2007-02-13 22:24:28 · answer #3 · answered by mike 2 · 0⤊ 1⤋
You can claim her for a credit up until she is 17, even if she is working part time or full time. If you are married and filing jointly (which you will want to do) you are going to need to report your income.
Either way, the child credit that you get should exceed what you have made. Here is some more info. But definently report yours and file joint, you must always report what you make.
http://www.completetax.com/Child-Tax-Credit.asp
2007-02-13 22:07:03 · answer #4 · answered by jeff c 3 · 1⤊ 1⤋
1. As previous poster said, she just needs to claim that she is a dependent on someone elses tax return. She can file the tax return on her own.
2. I believe over $600 is when you have to report income. As filing jointly ALL income is counted. So yes, you do need to file the $4,500 as income along with your spouses.
2007-02-13 22:05:50 · answer #5 · answered by donnabellekc 5 · 2⤊ 1⤋
1. yes you can claim her, as far as the w-2 she can file just make sure she says that she is being claimed as a dependent.
2. not sure sorry
2007-02-13 22:03:45 · answer #6 · answered by serendipitied376 3 · 1⤊ 1⤋