2007-03-01 12:29:22 · 8 answers · asked by just me 1 in Business & Finance ➔ Taxes ➔ United States
You can claim your son as a dependent as a "qualifying child" as long as he meets the following requirements:
-under age 19 (or full-time student under age 24)
-he does not provide over 50% of his own support
-he lived with you more than half of the year
If he doesnt meet any of the above requirements, you can still claim him as a "qualifying relative" if:
-he made less than $3,300 in gross income
-you provided more than 50% of his support
-and he isnt the "qualifying child" of someone else
2007-03-01 12:40:04 · answer #1 · answered by tma 6 · 4⤊ 0⤋
His income doesn't matter unless he's over 18 and not a full time student.
If he's under 18 or a full time student and under 24, you only need to provide more than half of his support to claim him as a dependent. He also needs to have lived in your home for more than half of the year though there is some flexibility on that.
2007-03-01 21:35:04 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
If I'm not mistaken, so long your son is still living at home and you support most of his expenses, the answer is yes regardless of his income.
However, once he starts to pay rent or buys most of his own food and clothes, meaning once he financially subsidizes a sizeable portion of his own expenses, I am not sure how it works then.
Keep in mind that if you claim him as a dependent, then I am not sure he can claim himself on his own tax return, I want to say no, but you may wish to contact or speak to a tax expert, I can't save you from an audit here.
2007-03-01 20:39:24 · answer #3 · answered by netthiefx 5 · 0⤊ 2⤋
If your son is living under your roof and he's a student ( all the way to age 23 ) it doesn't matter what he makes. You can claim him!
2007-03-01 20:35:05 · answer #4 · answered by goaltender 4 · 0⤊ 0⤋
If your son is a student under the age of 24 or is living with you under the age of 18, then you can claim him. Otherwise, if he makes more than the individual exemption amount, you cannot claim him.
2007-03-01 20:54:45 · answer #5 · answered by Dark Helmet 2 · 1⤊ 2⤋
If you provide more than half of his living expenses, you can claim him as a dependent. If his income was only $4,000, he clearly can't be independent and self-sufficient with this money; and if it was your income that supported him and paid more than half of his living expenses (including housing), you can claim him as a dependent. He has to be a US citizen or resident, or citizen or resident of Canada or Mexico.
2007-03-01 20:46:39 · answer #6 · answered by OC 7 · 0⤊ 3⤋
don't risk screwing up on your taxes an being penalized by trusting people on "answers"! go to irs.gov or by turbotax for like $15. good luck :)
2007-03-01 20:34:34 · answer #7 · answered by Misty 3 · 0⤊ 5⤋
yep...
2007-03-01 21:33:55 · answer #8 · answered by Anonymous · 0⤊ 2⤋