Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

Questions tagged [dependents]

85 questions
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Why would the IRS ask for birth certificates or even audit a small tax return?

My daughter and her boyfriend live together, and he is the sole earner in the home. They each have a kid plus 1 together. H&R Block told them that he didn't make enough to do his return and now the IRS wants birth certificates. I'm a retired…
Jen
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Affording Daycare for first child

My wife and I are expecting our first child later this year and I have been budgeting to see what we can afford for child care. It looks like the average cost of childcare is ~$1000-$1200/month. This is a huge expense for us that we did not have…
HoldMeImScared
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Locked out of EIC and dependent deductions by adult son's fraud

A young friend asked my help with her taxes where we found her adult son has claimed her two young sons as dependents, filed for and received EIC and a bigger refund, and left her broke and without a car (stolen, likely a coincidence). The older boy…
Steve Scott
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What's my tax situation if I earned $20k, age 22, and live with parents?

I'm a bit confused about what to expect when I file tax returns. I heard my parents can't claim me as a dependent because I earned more than $6k for the year. What's the situation if I live with them and have most of my expenses paid by them? They…
btrballin
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Mother in law expenses - living with us

My mother in law will be coming here soon from her home country. She is not going to be coming through the united nations, she is simply going to be here on a US Visa - based on a process my wife filed to get her here. Its an immigrant visa based…
JonH
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Claiming a deduction for a dependant who has died

I have a situation that thankfully is unusual, but I think pretty clear-cut with respect to the spirit of the law. I am having problems getting the situation resolved. Some background. I am a natural-born U.S. citizen who emigrated to another…
HemiPoweredDrone
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Would it be beneficial to not claim my daughter as a dependent so that she can qualify for a Pell Grant?

I am in the position of making enough money so that my daughter does not qualify for a Pell Grant. However, due to financial issues (primarily stemming from past medical expenses) I am not able to help as much as I would like. I have taken a small…
Michael Richardson
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If I can be claimed as a dependent, what do I do without my parent's tax information?

I'm filing my 2016 taxes. Although I was not claimed as a dependent by my parents, I meet the qualifications of being claimed as a dependent. When filling out my tax return via TurboTax Freedom Edition, it asks for information from my parents' tax…
Jacob
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Can I claim a parent receiving Medi-Cal benefits as a dependent on my tax return?

My mother got her green card this year. She won't work here. All her expenses will be paid by me. Since she is 67 years old, I am planning to apply for Medi-Cal health coverage for her. My question is: If she gets Medi-Cal benefits, can I still…
Biscoot
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If someone could claim me as a dependent, but they will not, am I required to check the "Someone can claim me..." box on my 1040?

Let's say that an adult is living with his parents. He meets all of the tests for being a dependent of his parents. Now let's say that he wants to file a tax return and claim the Recovery Rebate Credit, as he did not receive any of the stimulus…
Ben Miller
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If I claim my parent on taxes does that make me responsible for their past debts?

I have supported my parent for most of the year and paid for everything. Housing/food/transportation and other things. So I want to claim them on my taxes. My concern is this: They have a large amount of medical debt and I want to know if I would be…
Mike - SMT
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Do my partner and son need an SSN to be dependents on my taxes?

My wife and son do not yet have their SSNs. My wife is a citizen of the UK and my son (3 yrs old in August) was born in the UK. I'm a U.S. citizen. Why they do not yet have their SSNs is a discussion for another day.
Scott Skiles
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Does our baby need to file a tax return?

My friends had a baby last year, and he's turning 8 months by April 15, 2016. The parents are going to file a joint tax return this year. Can they claim their baby as a dependent? Should they consider filing separately? If they claiming him as a…
high110
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Do I get a tax credit for my dependent’s short term capital loss?

My father is not working and is my dependent. I have him $5,000 cash as a gift in 2020. He “invested” it in stock market (bought an option for something), and lost it all. If he had any income, then he would have got the tax credit. Unfortunately,…
user105240
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How does one spouse being highly compensated affect family FSA limits?

If one spouse is considered a Highly Compensated Employee (HCE) (and has dependent care FSA contributions capped), and the other spouse (who works at a different company) is not, is the dependent care FSA contribution limit for married filing…
Learning2Save
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