- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Our daughter is 24 years old during 2016. She is in medical school. The students loan are in her name. Her W-2 wages are $4212.50. Can we claim her?
Accepted Solutions
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Our daughter is 24 years old during 2016. She is in medical school. The students loan are in her name. Her W-2 wages are $4212.50. Can we claim her?
No. Her income alone (>$4050) disqualifies her. You also probably do not meet the support test, since her loan money counts as support not provided by you.
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, a relationship test and a residence test. Only a QC
qualifies the taxpayer for the Earned Income Credit. At 24, she is too old to be a QC.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Our daughter is 24 years old during 2016. She is in medical school. The students loan are in her name. Her W-2 wages are $4212.50. Can we claim her?
No. Her income alone (>$4050) disqualifies her. You also probably do not meet the support test, since her loan money counts as support not provided by you.
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, a relationship test and a residence test. Only a QC
qualifies the taxpayer for the Earned Income Credit. At 24, she is too old to be a QC.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Our daughter is 24 years old during 2016. She is in medical school. The students loan are in her name. Her W-2 wages are $4212.50. Can we claim her?
Still have questions?
Or browse the Forums