2016 I moved out of my parents and moved into an apartment for the first time same state and coutny, different city. My question is what do I need to have for taxes?

Forum|Forum|7 years ago
June 1, 2019
2 replies
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I moved in July 2016, so after 2015 taxes. As a first time mover, I want to make sure I have everything for my taxes, also for future reference as well.

Carl

Level 11

Basically, all you need is a job, and a W-2 issued to you by the employer so you have what you need to file a tax return. W-2's are traditionally sent out via mail in January. If you have other sources of income, then those paying that income to you will provide the appropriate tax document to you, if they are required to do so. If you are self-employed, then you keep your own income/expense records and use those for filing your taxes.

Hal_Al

Level 15

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). There is no income limit for a QC but there is an age limit and residency requirement.

Since you moved in July, you lived with your parents for more than half the year. So, whether you parents can still claim you as a dependent for 2016 depends on your age and student status and maybe your income. For future years, it also depends on whether the move was for the purpose of attending school.

A child 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

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)

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