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Can my friend claim his child on his taxes if his son has a job

2007-04-20 19:28:46 · 7 answers · asked by Phatcat 1 in Business & Finance Taxes United States

7 answers

If your friend provides at least 50% of his child's financial support (by providing him a home, groceries, paying his bills, etc.) then the answer is generally yes, if the child is under 21. If the child's in college and all of the above apply, then the age is 24.

2007-04-20 19:42:09 · answer #1 · answered by pvpd73127 4 · 0 0

The rules concerning support changed in 2005 for dependents.

The child (under 19 or under 24 and a full-time student) cannot provide over 50% of his own support. It is not necessary that the parent support the child in order to claim the child as a qualifying child.

If the child is 19 or over and not a full-time student, then the child has to earn less than $3,300 and the parent would have to support the child in order to claim the child as a qualifying relative.

2007-04-20 20:55:32 · answer #2 · answered by ninasgramma 7 · 1 0

is the child permanently and totally disabled.... handicapped....? or a full time student under age 24? TO MAKE ABSOLUTELY SURE that the child does not provide over 50% of his own support would be to have them bank at least 50% of those earnings in a savings account. and the problem/conflict is resolved peacefully and everyone is happy
if not a full time student under 24 or child under age 19 or permanently or totally disabled the child must not have provided over 50% of all support for that child to qualify for the parent or other person to claim the dependence exemption
if the child provides over 50% of their own support the parent is not legally entitlted to the dependency exemption. and would be denied it when and if the child files and claims his or her own exemption...
support is not the same as providing a home and includes nearly everything provided for that child. clothes,food,allowance,summer camp,dependent care, video game, personal television, even that car and car insurance, gasoline.

2007-04-22 05:55:56 · answer #3 · answered by amazed 3 · 0 0

Very possibly. If the son lived with the parent over half the year, doesn't provide over half of his own support, and is under 19, or under 24 and a full-time student, then his parent can probably claim him as a qualifying child.

If the son is over the age mentioned above, but makes under $3300 gross income for the year, and the parent provides over half of his support, then he very likely can as long as nobody else can claim him as a qualifying child.

2007-04-21 13:24:01 · answer #4 · answered by Judy 7 · 0 0

If you provided more than half the child's support, yes. If the child's earnings were modest, you will probably save far more taxes and the child will still get all or almost all the income taxes that were withheld refunded.

There are a number of possible variations to this, and you need to consult with a knowledgeable tax professional.

2007-04-20 23:52:13 · answer #5 · answered by stevejodem 2 · 1 1

Yes, if the parent still financially supports the child than the child is a dependent. However, the child cannot file taxes as an independent.

2007-04-20 19:37:04 · answer #6 · answered by JD Sengir 2 · 1 1

Yes as long as the child still lives in the house with the parents and does not buy all the groceries or pay the bills.

2007-04-20 19:37:27 · answer #7 · answered by Anonymous · 0 2

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