If I'm reading things right. I can claim them. Could you please verify for me. If you need anymore info please let me know. Thanks Randall C. Bryner Jr.
Yes, you can claim them, based on the info you provided.
If SS is their only income, they are not required to file a tax return, no matter how the $14,400 is split between them.
There are two types of dependents, "Qualifying Children"(QC) and standard ("Qualifying Relative" in IRS parlance even though they don't have to actually be related). A person can still be a Qualifying relative dependent, if not a Qualifying Child, if he meets the 6 tests for claiming a dependent:
1. Closely Related OR live with the taxpayer ALL year
2. His/her gross taxable income for the year must be less than $4,050 (2016-17). SS does not count.
3. The taxpayer must have provided more than 1/2 his support
In either case:
4. He must be a US citizen or resident of the US, Canada or Mexico
5. He must not file a joint return with his spouse or be claiming a dependent of his own
6. He must not be the qualifying child of another taxpayer
Social security doesn't count
as income, for the income test, but social security money he/she spends on her
self does count as support not provided by you, for the support test. Money she
puts into savings & investment does not count as support she spent on
herself. Note that a parent is closely related so there is no requirement that
she live with you at any time, during the year. But if you provided a home it
helps your support case, unless they own the home you live in. If no one person
(or married couple) provides 50% of the support (for example your siblings are
also sending support), then a "multiple support agreement” (IRS Form 2120)
can be used, to allow you to claim the dependent. https://www.irs.gov/pub/irs-pdf/f2120.pdf
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 The support value of a home is the fair market rental value, divided by the number of occupants.
Yes, you can claim them, based on the info you provided.
If SS is their only income, they are not required to file a tax return, no matter how the $14,400 is split between them.
There are two types of dependents, "Qualifying Children"(QC) and standard ("Qualifying Relative" in IRS parlance even though they don't have to actually be related). A person can still be a Qualifying relative dependent, if not a Qualifying Child, if he meets the 6 tests for claiming a dependent:
1. Closely Related OR live with the taxpayer ALL year
2. His/her gross taxable income for the year must be less than $4,050 (2016-17). SS does not count.
3. The taxpayer must have provided more than 1/2 his support
In either case:
4. He must be a US citizen or resident of the US, Canada or Mexico
5. He must not file a joint return with his spouse or be claiming a dependent of his own
6. He must not be the qualifying child of another taxpayer
Social security doesn't count
as income, for the income test, but social security money he/she spends on her
self does count as support not provided by you, for the support test. Money she
puts into savings & investment does not count as support she spent on
herself. Note that a parent is closely related so there is no requirement that
she live with you at any time, during the year. But if you provided a home it
helps your support case, unless they own the home you live in. If no one person
(or married couple) provides 50% of the support (for example your siblings are
also sending support), then a "multiple support agreement” (IRS Form 2120)
can be used, to allow you to claim the dependent. https://www.irs.gov/pub/irs-pdf/f2120.pdf
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 The support value of a home is the fair market rental value, divided by the number of occupants.