Can you claim the child as a dependent and for the child based refundable credits? Yes, most likely.
A child (or other close relation) of a taxpayer can still be a “Qualifying Child” (QC) dependent, regardless of his/her income, if:
1. He is under age 19, or under 24 if a full time student for at least 5 months of the year, or is totally & permanently disabled
2. He did not provide more than 1/2 his own support. Scholarships are considered third party support and not as support provided by the student.
3. He lived with the parent (including temporary absences such as away at school) for more than half the year
So, it doesn't matter how much income he has. What matters is how much he spent on support. Money he put into savings does not count as support he spent on him self.
The support value of the home you provided is the fair market rental value of the home plus utilities & other expenses divided by the number of occupants. The IRS has a worksheet that can be used to help with the support calculation. See: http://apps.irs.gov/app/vita/content/globalmedia/teacher/worksheet_for_determining_support_4012.pdf
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Social security payments to children.
If the Social Security (SS) payments, including SS disability, were under his/her SS number (as they usually are), it does not get reported on your return. If it does need to be reported, it would go on his/her individual return. If that was his/her only income, it does not get reported at all. She does not need to file a tax return.
SS is only taxable & reportable when added to sufficient other income. Social security only becomes taxable, when his income, including 1/2 his social security, reaches $25,000
You may still claim him, as a dependent, as long as he is not providing more than 1/2 his own support (including the social security being spent on him). Any part of his SS $ put into savings does not count as support.
Note that the requirement is not that you provide more than 1/2 his support (as it is with non child dependants , but only that he didn't provide 1/2.
Here's a good article on the
subject:
http://www.fool.com/taxes/2002/taxes020315.htm
Yikes! I removed the picture of the Medicare card. This is a public user to user forum and it is not safe to post any Personal Info!
What is your question? If you or he only get SSDI or SS or ssi you do not have to file a return. You do not report your dependent's income on your return.
"was under age 18"
How old is he now and why is he still getting SS benefits (a child over 18 can still get benefits if he's still in high school)?
How are you related to the child and who does he live with?
Can you claim the child as a dependent and for the child based refundable credits? Yes, most likely.
A child (or other close relation) of a taxpayer can still be a “Qualifying Child” (QC) dependent, regardless of his/her income, if:
1. He is under age 19, or under 24 if a full time student for at least 5 months of the year, or is totally & permanently disabled
2. He did not provide more than 1/2 his own support. Scholarships are considered third party support and not as support provided by the student.
3. He lived with the parent (including temporary absences such as away at school) for more than half the year
So, it doesn't matter how much income he has. What matters is how much he spent on support. Money he put into savings does not count as support he spent on him self.
The support value of the home you provided is the fair market rental value of the home plus utilities & other expenses divided by the number of occupants. The IRS has a worksheet that can be used to help with the support calculation. See: http://apps.irs.gov/app/vita/content/globalmedia/teacher/worksheet_for_determining_support_4012.pdf
__________________________________________________________________________________________________
Social security payments to children.
If the Social Security (SS) payments, including SS disability, were under his/her SS number (as they usually are), it does not get reported on your return. If it does need to be reported, it would go on his/her individual return. If that was his/her only income, it does not get reported at all. She does not need to file a tax return.
SS is only taxable & reportable when added to sufficient other income. Social security only becomes taxable, when his income, including 1/2 his social security, reaches $25,000
You may still claim him, as a dependent, as long as he is not providing more than 1/2 his own support (including the social security being spent on him). Any part of his SS $ put into savings does not count as support.
Note that the requirement is not that you provide more than 1/2 his support (as it is with non child dependants , but only that he didn't provide 1/2.
Here's a good article on the
subject:
http://www.fool.com/taxes/2002/taxes020315.htm