My MIL and SIL lived with us and we financially supported them for 16 years. We never claimed them as dependents. Is this something we can go back and do? Never knew we could claim them at the time.
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You can Amend Your Return for the past three years. You cannot claim a refund further back than three years.
To claim someone as a Qualifying Relative, they must be:
You cannot go back for 16 years. You can amend tax returns for up to three years back. You have not mentioned whether your MIL or SIL had any income during those years. For each of those years, there were certain amounts of income that had to be considered when determining if they could be claimed as dependents. Did they have income --not counting any Social Security? You only say they lived with you----did they work or receive any taxable income?
They might be "qualifying relative" dependents if they meet the criteria, and you could get the $500 credit for other dependents for claiming them--which is a non-refundable credit that lowers your tax due.
Qualifying relative
When you add someone as a dependent, we'll ask a series of questions to make sure you can claim them. There may be other tax benefits you can get when you claim a dependent.
Related Information:
INCOME LIMITS FOR QUALIFIED RELATIVE
Each year the amount changes. They have income less than
2024 $5,050
2023 $4,700
2022 $4,400
2021 $4,300
2020 $4,300
2019 $4,200
Wait until your original return has been fully processed before you amend, and make sure you have saved a pdf of the original return before you amend. (If you do not save it as a pdf, the amended return will overwrite the original, and the original will be lost forever)
See this TurboTax support FAQ for amending a tax return -
CURRENT YEAR
Do not expect quick results from amending. It can take four months or more for the IRS to process an amended return.
You can watch for information here:
https://www.irs.gov/Filing/Individuals/Amended-Returns-(Form-1040-X)/Wheres-My-Amended-Return-1
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