Sorry to bother, but I am confused on how to file an 18 year old who has received unemployment up to around 30,000. I see some people say that a person is considered dependent no matter what the income is. However, based on your reply, it seems that a person can not be filed as dependent if they have too much unearned income from unemployment benefits.
How should I filed an 18 year old under their married jointly parents? Would it be better to file them as independent or dependent?
Which would save more?
Taking into account possible EIC, EITC, American Opportunity Credits, tax deductions, tax exemptions, and other possible credits or benefits?
Their parents’ income is around AGI is around 41200.
Also would using the look back provision be better to help the unemployment money from causing ineligibility for tax benefits?
sorry for so many questions. I am really confused on how to help get the least tax due
