2007-07-30 16:30:59 · 11 answers · asked by hanna 1 in Business & Finance ➔ Taxes ➔ United States
They can claim you til your the age of 18, if your UNDER 24 and a fulltime college student or if your permanently disabled.
2007-07-31 02:44:35 · answer #1 · answered by momzadork 3 · 0⤊ 0⤋
Parents can still claim children as dependents who are over 18 and under 24 if they are still full-time students. The normal rules still apply, i.e. the children cannot provide more than half of their own support and must reside in the parent's home for more than half of the year except for temporary absences to attend school, etc.
2007-07-30 23:50:08 · answer #2 · answered by Bostonian In MO 7 · 1⤊ 1⤋
I'm pretty sure it is 25 yrs old when enrolled in college...if you are trying to claim that your parents don't give you any financial support (for financial aid purposes) talk to the registrar at your school...they may accept some letters from people backing you up that you are on your own...letters from employers, professors, anyone credible.
As far as taxes alone are concerned...you can claim yourself anytime you want and then your parents cannot claim you...but for most students the parents will get more economic benefit from claiming you than you will for claiming you.
2007-07-30 23:38:56 · answer #3 · answered by bagthebuck 1 · 0⤊ 3⤋
http://www.irs.gov/faqs/faq2-3.html
Lovely reading but everything you ever wanted to know about dependents including limitations, exceptions and otherwise. The rules are complex ask the late Dr. Einstein. He said they were the most complex things there are.
Wayne Barney
President
BC Business Services, Inc.
http://www.bcbsinc.com
2007-08-03 15:04:22 · answer #4 · answered by Info@bcbsinc.com 2 · 0⤊ 0⤋
Geez, talk about a variety of mostly wrong answers!
To claim a dependent as a qualifying child, they have to be UNDER age 24 as of the end of the year you are claiming them for, if they are a full-time student for at least five months of that year.
You might be able to claim them after that as a qualifying relative, if their income is low enough - for 2007, if their gross income for the year is over $3400, you can't claim them; otherwise you might be able to if you provide over half of their total support for the year.
2007-07-31 13:10:17 · answer #5 · answered by Judy 7 · 0⤊ 2⤋
18
2007-07-30 23:32:51 · answer #6 · answered by cs1014 3 · 0⤊ 4⤋
Thats a good question, and the best answer I can give you is that if a person is working and paying at least half of the expenses of someone else, then that person can be claimed on the others taxes.
2007-07-30 23:34:17 · answer #7 · answered by dustystar 4 · 0⤊ 3⤋
There might be a later cutoff date for kids who are enrolled in college full-time... best to look into that.
2007-07-30 23:33:45 · answer #8 · answered by Old Fat Bald Guy 5 · 0⤊ 3⤋
24. There are other situations if you can prove you are independant, but I do not know the criteria.
2007-07-30 23:33:50 · answer #9 · answered by Waltucy 2 · 2⤊ 0⤋
I think it is 21. just check and make sure.
2007-07-30 23:33:38 · answer #10 · answered by Anonymous · 0⤊ 4⤋