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01/30/2009 04:46:25 PM · #1 |
Hello,
I buddy of mine has been claiming his daughter on his taxes. She is in high school. This year she worked part time and W2 shows income $5,000. How does he claim her now that she has income?
Anybody....anybody... |
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01/30/2009 04:51:40 PM · #2 |
It is possible that he can:
ΓΆ€ΒΆ include her income in his gross income and claim her as a dependent as usual
ΓΆ€ΒΆ claim her as a dependent, and she'll also have to file her own tax return
Honestly, I'd first search the IRS website -- virtually every form and instruction set is available as HTML, PDF, or both.
My first search would be "working dependent" and then "dependent income" |
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01/30/2009 04:53:35 PM · #3 |
Originally posted by kenskid: Hello,
I buddy of mine has been claiming his daughter on his taxes. She is in high school. This year she worked part time and W2 shows income $5,000. How does he claim her now that she has income?
Anybody....anybody... |
As I understand it, she'd still be a dependent and he claims her like he always has.
For her income, she'll have to file a return as well and when filling out the worksheet and tax form for exemptions, which she should have done on her W4 as well, there is a question that asks, "Are you claimed as a dependent by someone else?" She will have to answer "Yes" |
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01/30/2009 04:53:40 PM · #4 |
thanks...he is going online tonight...he was in my office just trying to get some idea of how it works.
Originally posted by GeneralE: It is possible that he can:
ΓΆ€ΒΆ include her income in his gross income and claim her as a dependent as usual
ΓΆ€ΒΆ claim her as a dependent, and she'll also have to file her own tax return
Honestly, I'd first search the IRS website -- virtually every form and instruction set is available as HTML, PDF, or both.
My first search would be "working dependent" and then "dependent income" |
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01/30/2009 07:35:29 PM · #5 |
if you supply over 50% of someone's support and they live with you it shouldn't be a problem. If he's not married he might also qualify ofr head of household (bigger deduction for himself).
Basically the IRS doesn't want dad to claim $5400 (or whatever it is for this year) for the child and have teh child claim it too.
Been a long time since I did this stuff myself...
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