2007-02-21 04:26:14 · 8 answers · asked by tess1027 1 in Business & Finance ➔ Taxes ➔ Other - Taxes
You claim him as a dependent and he does his own taxes, checking the box to indicate that someone else claims him as a dependent.
2007-02-21 04:29:26 · answer #1 · answered by afling78 2 · 3⤊ 0⤋
If your son llived with you for more than half the year and if you provided more than half of his support then you should claim him as a dependent. If he had an earned income greater than $5,150 he would be required to file himself; however, with you claiming him as a dependent, he would not be able to take his own exemption (worth $3,300). This is true even if you don't claim him as a dependent; as long as he *can* be claimed as a dependent, only the parent can take his exemption. This doesn't mean he definitely wouldn't get a refund; it all depends on the exact amount he made and how much taxes were withheld from his pay. If he made less than $5,150, he would not be required to file at all but he might want to file if he had enough taxes withheld from his pay to entitle him to a refund. Any good tax preparer should be able to give you the exact figures for you and your son. Good luck.
2007-02-21 04:40:38 · answer #2 · answered by Lilly 3 · 0⤊ 0⤋
Yes, assuming you are eligible to claim him. He has to have lived with you for over half the year, and not provided over half of his own support. Most 16 year olds fit these rules, even if they do have a part-time job.
When he files his return, he will note on it that he can be claimed as a dependent. He won't get his own exemption - you'll get that. Assuming his income is on a W-2, he's required to file if he made over $5150, although he can file to get a refund if he made less than that but had withholding for federal income taxes.
If he files a 1040EZ, there's a box on line 5 ("YOU" to check to say that he can be claimed as a dependent - he should be sure to check that box.
2007-02-21 08:05:00 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
Either claim him as a dependent even if he has a part time job because if he lives with you and you pay more than 50% of his expenses then you are allowed to claim him as a dependent, or let him file his own taxes where he will claim himself as a dependent. but you cant have it both ways.
2007-02-21 04:29:50 · answer #4 · answered by Akbar B 6 · 0⤊ 2⤋
Claiming him - probably. If he made too much money you can't claim him, even at 16
Filing "his own taxes" - depending on his income he HAS to file his own return. You can't include his income on yours and you wouldn't want to. His tax rate is much lower than yours.
Income below a certain level doesn't require the filing of a return. If he had withholding, the only way to get it back is to file. If he files a return and his income is low enough, he would not claim himself. Only one taxpayer can claim a person.
2007-02-21 07:22:00 · answer #5 · answered by Dizney 5 · 0⤊ 1⤋
Assuming you are in the USA...
Yes. However, when he fills out his taxes he has to state that he is included on someone else's taxes as a dependant.
2007-02-21 04:29:31 · answer #6 · answered by Simon C 3 · 3⤊ 0⤋
yes you can claim you son until he is 18 because you still pay for the roof over his heads and food etc. and yes he can still file his income tax for his job. the only way you could not claim him is if he wasn't living with you.
2007-02-21 04:34:49 · answer #7 · answered by kissybertha 6 · 0⤊ 1⤋
Yes you can and yes he should file on his own behalf. He can probably get a small refund.:-)=
2007-02-21 04:34:38 · answer #8 · answered by Jcontrols 6 · 0⤊ 1⤋