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Get your taxes done using TurboTax
From my understanding both my parents social security benefits are considered non taxable. Only taxable income would be the pension and ira withdrawal. Both falls below the $5050 so I should be able to claim them? I just wanted to confirm this
As for my other question. I know if I claim them as dependent they can't file joint returns. But do they still need to file non joint ones?
"To be allowed to claim your parent as a dependent, your parent’s taxable income must be less than $4,700 for tax year 2023 (and $5,050 for 2024). This means that if your parent’s income falls into that threshold you aren’t eligible to claim them as a dependent. Non-taxable income such as Social Security does not factor into the calculation of total income for purposes of claiming a parent as a dependent."