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My son graduated in May (2015) from college. He started working in June full time. Can I claim him as a dependent?

 
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Hal_Al
Level 15

My son graduated in May (2015) from college. He started working in June full time. Can I claim him as a dependent?

Maybe,  if he continued to live with you thru July 3.

Graduation year

If he was a student (under 24) for at least 5 months and lived with you for more than half the year, and did not provide more than 1/2 his own support for the whole year, you can still claim him. Be sure he knows you're claiming him, so he doesn't claim himself. He can only be claimed once. But, he can "file taxes" without claiming his own exemption.

. The real question is who should be claiming him in this "transition" year to adulthood. You two have to agree on who is going to claim his exemption. Each should do their taxes both ways and see which way the family comes out best.  Even then, you have to meet the rules. The rule is that a child of a taxpayer can still be a “Qualifying Child” dependent, regardless of income, if:

1. he is a full time student under 24 for at least 5 calendar months of the year (graduating in May usually means you meet the 5 month rule)

2. did not provide more than 1/2 his own support

3. lived with the parent (or was away at school) for more than half the year

So, it usually hinges on  "Did he provide more than 1/2 his own support in 2015.

The support value of the home you provided is the fair market rental value of the home plus utilities & other expenses divided by the number of occupants. IRS Publication 501 on page 20 has a worksheet that can be used to help with the support calculation. See: http://www.irs.gov/pub/irs-pdf/p501.pdf

If he has already filed one way, he can file an amended return, going the other way.

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1 Reply
Hal_Al
Level 15

My son graduated in May (2015) from college. He started working in June full time. Can I claim him as a dependent?

Maybe,  if he continued to live with you thru July 3.

Graduation year

If he was a student (under 24) for at least 5 months and lived with you for more than half the year, and did not provide more than 1/2 his own support for the whole year, you can still claim him. Be sure he knows you're claiming him, so he doesn't claim himself. He can only be claimed once. But, he can "file taxes" without claiming his own exemption.

. The real question is who should be claiming him in this "transition" year to adulthood. You two have to agree on who is going to claim his exemption. Each should do their taxes both ways and see which way the family comes out best.  Even then, you have to meet the rules. The rule is that a child of a taxpayer can still be a “Qualifying Child” dependent, regardless of income, if:

1. he is a full time student under 24 for at least 5 calendar months of the year (graduating in May usually means you meet the 5 month rule)

2. did not provide more than 1/2 his own support

3. lived with the parent (or was away at school) for more than half the year

So, it usually hinges on  "Did he provide more than 1/2 his own support in 2015.

The support value of the home you provided is the fair market rental value of the home plus utilities & other expenses divided by the number of occupants. IRS Publication 501 on page 20 has a worksheet that can be used to help with the support calculation. See: http://www.irs.gov/pub/irs-pdf/p501.pdf

If he has already filed one way, he can file an amended return, going the other way.

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