She had good summer jobs. Some of her income was non-employee compensation, and some came on W-2's. She is in college and her legal address is still at home with me. What is the limit for how much she can make? I am a single, Head of Household making less than $33K.
2007-02-15 11:34:05 · 5 answers · asked by kcscmcc 1 in Business & Finance ➔ Taxes ➔ United States
As long as she is a FT student and you provide more than half of her support, you can claim her as a dependent until she turns 24 regardless of her income.
2007-02-15 11:42:35 · answer #1 · answered by Bostonian In MO 7 · 1⤊ 1⤋
If she was a full time student for at least five months of the year, and did not provide over half of her own support, then you can still claim her until (not including) the year she turns 24. After that, you could only claim her if she makes less than the allowed amount in the year - for 2006, the limit was $3300.
2007-02-15 22:40:33 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
Yes--her income does not matter if she is a FT student under the age of 24. Count her as a dependent.
Make sure you also claim the EIC credit. With your income you qualify. From what I've read you can receive $1000-2000 per child--it doesn't matter what you paid in taxes.
2007-02-15 23:13:48 · answer #3 · answered by Emma S 2 · 1⤊ 0⤋
yes, you may claim your daughter since shes a full time student under age 24, lived with you, and did not provide more than 1/2 of her own support.
she will still need to file her own tax return and mark the box that says "dependent of another."
2007-02-15 22:23:25 · answer #4 · answered by tma 6 · 0⤊ 1⤋
You can claim her up till age 21 if you provide the majority of her support. If you claim her, she can not claim herself as a personal exemption, she will have to claim 0.
2007-02-15 19:43:16 · answer #5 · answered by Steve's gal 2 · 0⤊ 5⤋