@jrod8969 wrote:
If my child earned $6696.79 in wages, does she have to file taxes. If she does, can i still claim her as a full time student and im supporting her by paying college tutiton and living expenses?
Thanks
Jesse
If she is a full time student under the age of 24 then you should be able to claim her as a dependent under the Qualifying Child rules.
If the income she earned is reported on a W-2 she does not have to file tax return since her income is less than $12,950. However, if taxes were withheld from her wages she should file to get a refund for the taxes withheld. If she does file a return make sure that she indicates on her return that she can be claimed as a dependent.
To be a Qualifying Child -
1. The child must be your son, daughter, stepchild, foster child, brother, sister, half brother, half sister, stepbrother, stepsister, or a descendant of any of them.
2. The child must be (a) under age 19 at the end of the year, (b) under age 24 at the end of the year and a full-time student or (c) any age and permanently and totally disabled.
3. The child must have lived with you for more than half of the year. Temporary absences while away at college are considered living with you.
4. The child must not have provided more than half of his or her own support for the year.
5. If the child meets the rules to be a qualifying child of more than one person, you must be the person entitled to claim the child as a qualifying child.
6. The child must be a U.S. citizen or U.S., Canada or Mexico resident for some portion of the year.
7. The child must be younger than you unless disabled.
