Does he have to file a tax return? what form should he use. he lives with us.
2007-03-26 09:35:52 · 5 answers · asked by gracegptx 2 in Business & Finance ➔ Taxes ➔ United States
Yes, you can claim him as a dependent as long as you meet all the rules to do so and you probably do - his $2500 income doesn't change that. He can also file his own tax return, and get a refund if he had anything withheld for income taxes. If his income was on a W-2, he can use a form 1040EZ - he should be sure to check the box on line 5 that says he can be claimed as a dependent.
2007-03-26 12:07:11 · answer #1 · answered by Judy 7 · 2⤊ 0⤋
His income is less than the standard deduction for a single. If he chooses to file, he should get a refund of any Federal income tax withheld, no matter how claims the personal exemption for him. If you paid at least half of his support, which sounds likely, you should be entitled to claim him.
Note: Time spent at school does counts as time lived with you for the purpose of determining if he meets the 'time lived with you' test.
2007-03-26 18:27:31 · answer #2 · answered by STEVEN F 7 · 1⤊ 0⤋
As long as he did not provide over half his own support, and he lived with you for more than six months in 2006, you can claim your son as a "qualifying child." In addition to the dependency exemption, you may qualify for the Earned Income Credit and the Child Tax Credt.
Your son can get a refund of any state or federal taxes that were withheld from his pay. He should use Form 1040EZ and not claim himself.
2007-03-26 17:25:37 · answer #3 · answered by ninasgramma 7 · 0⤊ 2⤋
He doesn't have to file a return, but he should so that he can get his refund--since he probably owes next to nothing in taxes, but he's been paying them all year.
If he's been paying state and federal taxes from his paycheck, then he needs to fill out a federal return and a state return to get both refunds.
Don't worry, you can still list him as a dependent--he'll indicate that he's a dependent on his own return.
2007-03-26 16:43:29 · answer #4 · answered by lizzgeorge 4 · 3⤊ 1⤋
As long as you provided more than half of his support you can claim him as a dependent.
He only needs to file a return if he had income taxes withheld and he wants to have those refunded. He can probalby file Form 1040EZ if his only income was from wages reported on Form W-2.
2007-03-26 16:40:42 · answer #5 · answered by Bostonian In MO 7 · 1⤊ 3⤋