My son turned 20 last year. He is in college full time. He has a part-time job. His total wages equal 4,364 and I paid for over half of his care. He also lives at home for the year.
Based on what you have said you can claim him as a qualifying child dependent. He is not required to file a tax return with only 4,364 of W-2 wages. If he had federal income tax withheld, he should file to get a refund. If he files, he must indicate on his tax return that he can be claimed by someone else. Some ask if a dependent's wages must be entered on the parent's tax return and they do not. If the dependent does not file a return, the dependents wages are not entered on anyone's return.
Whether he files or not, the person who claims the student as a dependent is the one who can claim qualified education expenses for deduction or credit.
Based on what you have said you can claim him as a qualifying child dependent. He is not required to file a tax return with only 4,364 of W-2 wages. If he had federal income tax withheld, he should file to get a refund. If he files, he must indicate on his tax return that he can be claimed by someone else. Some ask if a dependent's wages must be entered on the parent's tax return and they do not. If the dependent does not file a return, the dependents wages are not entered on anyone's return.
Whether he files or not, the person who claims the student as a dependent is the one who can claim qualified education expenses for deduction or credit.
WHAT IS THE MOST THAT A DEPENDENT CAN MAKE WITH OUT FILING TAXES
$6300 of W-2 income or $400 of 1099-MISC or no forms income. There are also some limits on investment income.
What about my son who is a student and made $6305.35 does he need to file taxes and do I claim him as dependent if he's a college student?
Yes he must file a tax return if you can claim him as a dependent. Go through the TurboTax interview for dependents to confirm that you can claim him.
My daughter is claimed as a dependent on my tax return but I still received an error when filing her return that her social security number was already filed on another return. I was never able to file her return on line even though there was money owed to her, the return was rejected.
And did she check the box on her return that she can be claimed by someone else? If not, then she is trying to claim herself and you have claimed her and that is why her return is rejected.
Yes, that box is checked. Thus the reason we are confused on the reject.
On the actual tax return are the boxes appropriately checked or unchecked? On the 1040EZ the box in 5 would be checked for You. On the 1040A and 1040, box 6a would not be checked and there would not be a 1 in the far right line.
I saw this post from a couple of years ago. Is it still $6300? My 20 year old is a full time student. We pay for everything. She has a PT job. We can claim her, but does she still need to file her own tax return?
No the amount has gone up.
You don't include their income on your return. It would only go on their return if they are required to file one. They don't have to file if they only have Social Security or W2 income under 12,950 but can file to get back any withholding taken out in boxes 2 or 17. But you don't get boxes 4 or 6 back. If they got a 1099NEC or no form (like for cash) for it they do have to file a tax return for it no matter how small.
To file a separate return for a dependent in the Online version you need to set up a new account separate from yours. Online is only good for one return per account. You can use the same email address for 5 accounts. You can probably use the Free Edition
Https://ttlc.intuit.com/questions/1894512-how-do-i-start-another-return-in-turbotax-online
Be sure on the dependent return you check the box that says you can be claimed on someone else’s return. If their only income is W2 and under 12,950 they do not have to file a return except to get back any withholding taken out.
Filing requirements for a dependent
You do not report his/her income on your return. If it has to be reported, at all, it goes on his own return. If your dependent child is under age 19 (or under 24 if a full time student), he or she must file a tax return for 2021 if he had any of the following:
Even if he had less, he is allowed to file if he needs to get back income tax withholding. He cannot get back social security or Medicare tax withholding.
In TurboTax, he indicates that somebody else can claim him as a dependent, at the personal information section.