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Can I claim my son as a dependent,if he has income.

my son is a full time student & under 24, live at home with us, he has income due to work, but all the money goes to his saving account, we paid all his expense for the whole year, can we claim he as a dependent?

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Accepted Solutions
HelenaC
New Member

Can I claim my son as a dependent,if he has income.

From the information you submitted, yes, he may be claimed as a dependent.

For tax purposes, you can claim your child as a dependent if they meet the following requirements:

1.    The child must be your son, daughter, stepchild, foster child, brother, sister, half brother, half sister, stepbrother, stepsister, or a descendant of any of them.

2.    The child must be (a) under age 19 at the end of the year and younger than you (or your spouse, if filing jointly), (b) under age 24 at the end of the year, a student, and younger than you (or your spouse, if filing jointly), or (c) any age if permanently and totally disabled. 

3.    The child must have lived with you for more than half of the year. Note: Absences while away at school do not count as 'not living with you'. 

4.    The child must not have provided more than half of his or her own support for the year. 

5.    The child must not be filing a joint return for the year (unless that return is filed only to get a refund of income tax withheld or estimated tax paid). 

If your child is a college student, click here to enter Education Expenses (Form 1098-T Tuition):  How do I enter Form 1098-T?

 

Regarding your child's income tax return:

Your single dependent child must file a return if any of the following apply:

  • They earned more than $6,300.
  • They have more than $1,050 of unearned income. Unearned income is money that you get without working like interest and dividends. 
  • Their gross income was more than the larger of (a) $1,050 or (b) your earned income (up to $5,950) plus $350.
  • They had net earnings of at least $400 from your business or self-employment.
  • They had tax taken out of your paychecks and you want it back.

Create a new account for your child. Click on How do I start another return in TurboTax Online?

TurboTax Online  has a Free version they may be able to use.

If they choose to complete an income tax return, it is important that they choose the following options: 

  • Someone else can claim me as a dependent on their tax return and
  •  And this person will claim me on their 2016 tax return. See the screenshot below.

To enter the W-2:

  • Type W-2 in the search bar and click search.
  • Click on Jump to W-2.
  • Enter the W-2 information.


View solution in original post

1 Reply
HelenaC
New Member

Can I claim my son as a dependent,if he has income.

From the information you submitted, yes, he may be claimed as a dependent.

For tax purposes, you can claim your child as a dependent if they meet the following requirements:

1.    The child must be your son, daughter, stepchild, foster child, brother, sister, half brother, half sister, stepbrother, stepsister, or a descendant of any of them.

2.    The child must be (a) under age 19 at the end of the year and younger than you (or your spouse, if filing jointly), (b) under age 24 at the end of the year, a student, and younger than you (or your spouse, if filing jointly), or (c) any age if permanently and totally disabled. 

3.    The child must have lived with you for more than half of the year. Note: Absences while away at school do not count as 'not living with you'. 

4.    The child must not have provided more than half of his or her own support for the year. 

5.    The child must not be filing a joint return for the year (unless that return is filed only to get a refund of income tax withheld or estimated tax paid). 

If your child is a college student, click here to enter Education Expenses (Form 1098-T Tuition):  How do I enter Form 1098-T?

 

Regarding your child's income tax return:

Your single dependent child must file a return if any of the following apply:

  • They earned more than $6,300.
  • They have more than $1,050 of unearned income. Unearned income is money that you get without working like interest and dividends. 
  • Their gross income was more than the larger of (a) $1,050 or (b) your earned income (up to $5,950) plus $350.
  • They had net earnings of at least $400 from your business or self-employment.
  • They had tax taken out of your paychecks and you want it back.

Create a new account for your child. Click on How do I start another return in TurboTax Online?

TurboTax Online  has a Free version they may be able to use.

If they choose to complete an income tax return, it is important that they choose the following options: 

  • Someone else can claim me as a dependent on their tax return and
  •  And this person will claim me on their 2016 tax return. See the screenshot below.

To enter the W-2:

  • Type W-2 in the search bar and click search.
  • Click on Jump to W-2.
  • Enter the W-2 information.


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