If child turned 24 at the end of 2011...

[leahjade]

will he still be a dependent on my taxes?

 

[DawnM]

Depends:

Does he live with you full time?
DOes he make under $3,700 per year?
Do you provide over half of his support?

The rule is: The child must be under the age of 24 and a full time student by the end of the tax year. However, if he meets ALL of the criteria above, you can claim him.

 

[DawnM]

http://myfamilylaw.com/library/fina...-dependent-now-that-im-divorced-or-separated/

 

[mommy2mygirls]

As the previous poster said, the child has to be UNDER 24, not 24 or under. So if he was 24 by December 31, you can no longer claim him. The only exception to this is for a child who is disabled.

 

[of2dbeach]

I wanted to ask if you know how long we can claim our disabled son ? not sure if he will be able to work he is 18 now and in job training.
Thanks!

 

[mommy2mygirls]

According to the IRS, the person has to be permanently and totally disabled. Their definition of this is they have to meet both of the following criteria:

1. He or she cannot engage in any substantial gainful activity because of a physical or mental condition.
2. A qualified physician determines that the condition has lasted or can be expected to last continuously for at least a year or can lead to death.

If your son meets these requirements, you can claim him indefinitely as long as he's living with you and you're providing more than 50% of his support.

 

[tar heel]

The $3,700 figure is not true. The only money criteria is that the student cannot have provided more than 1/2 his/her support. The "child" also only has to be a full-time college student for five months, so May graduates MAY fit the criteria. The student is required to have lived with the parents half the year, but the time at school counts in this.

We claimed our oldest son the year he graduated from college. He took his last class in August and spent fall semester doing the Disney College program. he clearly met the criteria.

My middle son graduated from college this year and turned 24 yesterday, so this is something on my RADAR. I'm still trying to figure out the status of a May graduate. You have to be in school five months and May was a partial month. Does anyone know? That last semester tuition credit will ensure that he gets a big refund, but he does not owe as much as the credit will be. It would be way better financially for it to go toward our tax bill.

 

[dmslush]

This will walk you through it: http://www.irs.gov/ita/article/0,,id=219895,00.html

 

[DawnM]

Yes it is true:

http://turbotax.intuit.com/tax-tools/tax-tips/Family/12-Tricky-Tax-Dependent-Dilemmas/INF12074.html

The $3,700 figure is not true. \

 

[tar heel]

The $3,700 income limit does NOT apply to a "child" who was a full-time college student at least five months and supplied less than 1/2 of his own support. I was not considering live-ins, etc.

 

[DawnM]

She did not say that the child was a student at all.

The child does not meet the age requirement.

Therefore, the child needs to live at home, be a dependent, not receive less than 50% of his/her support from a parent, AND earn less than $3,700 per year according to the link I quoted.

This has nothing to do with the amount of the deduction, but the requirement to allow one to claim an over age 23 year old as a dependent.

Dawn

Dawn - You're misreading what you quoted or I read too much into what you said. $3,700 is the amount of the deduction and has nothing whatsoever to do with the child's income if we're talking about a college student, which I was.

Lots of teens in their first job make more than $3,700 a year. The child's income has relevance to this discussion only in that, if he makes a higher salary, he can provide more than half his support and, thus, disqualify himself from being a dependent. This is not a number that the IRS sets. A child who goes to a $50,000 a year college requires more support than one who goes to a community college.

 

[tar heel]

Depends:
The rule is: The child must be under the age of 24 and a full time student by the end of the tax year. However, if he meets ALL of the criteria above, you can claim him.

This is why I thought YOU were talking about college students. It just wasn't clear to me since you put the part about full time students. I totally missed that the kid had turned 24 anyway -- probably b/c my own turned 24 earlier this month!

 

[DawnM]

I see. Yeah, her child has turned 24 and I have no idea if he/she is a student.

OP?

Dawn

This is why I thought YOU were talking about college students. It just wasn't clear to me since you put the part about full time students. I totally missed that the kid had turned 24 anyway -- probably b/c my own turned 24 earlier this month!

 

[SandrA9810]

It's something like $300 for any adult dependents living in your house. This goes for any one who you provide support for, including parents, significant others, and adult children not in school. Their support has to come from your income.

Disabled adults and students are a totally different ball game, that's more like a $1,000 or something, more like the tax break you would get if they were under the age of 18.

I'm sure CheshireFigment will have a word to say at some point.

 

[BBandDisney]

Tax advise on a Disney Board ?

 

[DawnM]

It is perfectly plausible to ask a tax question on the DIS board. OP should certainly google and talk to a tax person before sending in taxes, but I don't understand why it isn't ok?

Here is some popcorn for you as you seem to be missing it this morning.

Tax advise on a Disney Board ?

 

[Robinrs]

Tax advise on a Disney Board ?

There is no limit to what is discussed on this site. I don't even go to or LIKE Disney and I've been here since my son was in kindergarten and he graduates in May.

And it's "ADVICE".