topic thanks - do I have the option of not claiming him as a de... in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/thanks-do-i-have-the-option-of-not-claiming-him-as-a-de/01/379176#M157103 thanks - do I have the option of not claiming him as a dependent Tue, 04 Jun 2019 00:36:23 GMT jaskeefe 2019-06-04T00:36:23Z Why do I have to provide my sons MAGI if he was not on our marketplace insurance when he earned it? He graduated college and got a job that provided healthcare https://ttlc.intuit.com/community/taxes/discussion/why-do-i-have-to-provide-my-sons-magi-if-he-was-not-on-our-marketplace-insurance-when-he-earned-it/01/379170#M157101 <P>My son was in college when he was on our policy and had no income.&nbsp; Took him off when he started job</P> Tue, 04 Jun 2019 00:36:20 GMT https://ttlc.intuit.com/community/taxes/discussion/why-do-i-have-to-provide-my-sons-magi-if-he-was-not-on-our-marketplace-insurance-when-he-earned-it/01/379170#M157101 jaskeefe 2019-06-04T00:36:20Z Unfortunately, that's the way the law is written… it does... https://ttlc.intuit.com/community/taxes/discussion/unfortunately-that-s-the-way-the-law-is-written-it-does/01/379174#M157102 <P>Unfortunately, that's the way the law is written… it doesn't matter whether your son was on your Marketplace insurance when he earned his income or not.</P> <P>According to "<B>Household income</B>," on page 3 of the <A rel="nofollow" href="https://www.irs.gov/pub/irs-pdf/i8962.pdf" target="_blank">2018 Instructions for Form 8962</A>, you have to include </P> <BLOCKQUOTE> <P> <I>"the modified AGI of each individual whom you claim as a dependent and who is required to file an income tax return because his or her income meets the income tax return filing threshold.&nbsp; Household income does not include the modified AGI of those individuals whom you claim as dependents and who are filing a 2018 return only to claim a refund of withheld income tax or estimated tax."</I> </P> </BLOCKQUOTE> <P>So if your son was <I><B>required</B></I> to file a tax return by federal law, and you claimed him as a dependent on your return, his MAGI has to be included in the computation.</P><P> </P><P>On the other hand, if your son <I><B>wasn't required</B></I> to file a return, you wouldn't include his MAGI.&nbsp; I'll attach the TurboTax FAQ "Do I need to file my own taxes if I'm a dependent?" below, just to see if your son was required to file a return.</P> <P> <A href="https://ttlc.intuit.com/replies/3302185" target="_blank">https://ttlc.intuit.com/replies/3302185</A> </P> <BR /><BR /> Tue, 04 Jun 2019 00:36:22 GMT https://ttlc.intuit.com/community/taxes/discussion/unfortunately-that-s-the-way-the-law-is-written-it-does/01/379174#M157102 JohnW15 2019-06-04T00:36:22Z thanks - do I have the option of not claiming him as a de... https://ttlc.intuit.com/community/taxes/discussion/thanks-do-i-have-the-option-of-not-claiming-him-as-a-de/01/379176#M157103 thanks - do I have the option of not claiming him as a dependent Tue, 04 Jun 2019 00:36:23 GMT https://ttlc.intuit.com/community/taxes/discussion/thanks-do-i-have-the-option-of-not-claiming-him-as-a-de/01/379176#M157103 jaskeefe 2019-06-04T00:36:23Z You have that option. https://ttlc.intuit.com/community/taxes/discussion/you-have-that-option/01/379179#M157104 You have that option. Tue, 04 Jun 2019 00:36:25 GMT https://ttlc.intuit.com/community/taxes/discussion/you-have-that-option/01/379179#M157104 JohnW15 2019-06-04T00:36:25Z
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topic thanks - do I have the option of not claiming him as a de... in Get your taxes done using TurboTax
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https://ttlc.intuit.com/community/taxes/discussion/thanks-do-i-have-the-option-of-not-claiming-him-as-a-de/01/379176#M157103
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thanks - do I have the option of not claiming him as a dependent
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Why do I have to provide my sons MAGI if he was not on our marketplace insurance when he earned it? He graduated college and got a job that provided healthcare
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<P>My son was in college when he was on our policy and had no income.&nbsp; Took him off when he started job</P>
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<pubDate>Tue, 04 Jun 2019 00:36:20 GMT</pubDate>
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Unfortunately, that's the way the law is written… it does...
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<P>Unfortunately, that's the way the law is written… it doesn't matter whether your son was on your Marketplace insurance when he earned his income or not.</P> <P>According to "<B>Household income</B>," on page 3 of the <A rel="nofollow" href="https://www.irs.gov/pub/irs-pdf/i8962.pdf" target="_blank">2018 Instructions for Form 8962</A>, you have to include </P> <BLOCKQUOTE> <P> <I>"the modified AGI of each individual whom you claim as a dependent and who is required to file an income tax return because his or her income meets the income tax return filing threshold.&nbsp; Household income does not include the modified AGI of those individuals whom you claim as dependents and who are filing a 2018 return only to claim a refund of withheld income tax or estimated tax."</I> </P> </BLOCKQUOTE> <P>So if your son was <I><B>required</B></I> to file a tax return by federal law, and you claimed him as a dependent on your return, his MAGI has to be included in the computation.</P><P> </P><P>On the other hand, if your son <I><B>wasn't required</B></I> to file a return, you wouldn't include his MAGI.&nbsp; I'll attach the TurboTax FAQ "Do I need to file my own taxes if I'm a dependent?" below, just to see if your son was required to file a return.</P> <P> <A href="https://ttlc.intuit.com/replies/3302185" target="_blank">https://ttlc.intuit.com/replies/3302185</A> </P> <BR /><BR />
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thanks - do I have the option of not claiming him as a de...
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thanks - do I have the option of not claiming him as a dependent
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https://ttlc.intuit.com/community/taxes/discussion/you-have-that-option/01/379179#M157104
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