topic Re: Deductions in Deductions & credits

Deductions

LittleRolly — Sat, 18 Apr 2020 23:37:31 GMT

I am housing a male veteran. I do not collect rent. He has his own room and bath. We share meals. Can I use him as a deduction

Re: Deductions

xmasbaby0 — Sun, 19 Apr 2020 00:06:40 GMT

Not sure how long your veteran roommate has lived with you--you do not say. There is a possibility you could get the $500 credit for other dependents for him--that is all, if you can even get that. If you claim him, be aware that a person who is claimed as a dependent does NOT get the $1200 stimulus money.

CREDIT FOR OTHER DEPENDENTS

https://ttlc.intuit.com/questions/4499708-what-is-the-500-credit-for-other-dependents-family-tax-credit

Re: Deductions

Carl — Sun, 19 Apr 2020 00:42:49 GMT

Kudos to you for helping our veterans get on their feet after the sacrifices many of them have made. At best, they might qualify as a dependent under the "qualifying relative dependent" rules, which are different from the qualifying child rules.

YOu can view those rules at https://apps.irs.gov/app/vita/content/globalmedia/table_2_dependency_exemption_relative_4012.pdf