What is the maximum amount a person can make per year for a parent to still claim them as a dependent?
2007-02-18 14:27:34 · 2 answers · asked by ElliotCU13 1 in Business & Finance ➔ Taxes ➔ Other - Taxes
The first answerer is correct, except that your parents do not have to provide more than half of your support. The law was changed for 2006 returns. Now it says that if someone wants to claim a dependent, the dependent cannot have provided more than half of his OWN support.
2007-02-19 12:59:12 · answer #1 · answered by Anonymous · 0⤊ 1⤋
If you are under 19, or under 24 and a full-time student for some part of at least 5 months of the year, you lived with your parents for over half the year (temporary absences at school don't count against this time) and you don't provide more than half of your own support, your parent can still claim you as a qualifying child and there isn't a linit on how much you can make.
If you can't be claimed as a qualifying child as described above, then if you made under $3300 and they provided over half of your support, then they might be able to claim you as a qualifying relative.
2007-02-18 14:48:11 · answer #2 · answered by Judy 7 · 0⤊ 2⤋