Frequently Asked Questions*
Answer:
No, a child may only be claimed as a dependent on one return in a tax year.
For more information on which of you can claim your son, refer to Qualifying Child of More Than One Person.
next focusable element
Answer:
To claim your child as your dependent, your child must meet either the qualifying child test or the qualifying relative test:
- To meet the qualifying child test, your child must be younger than you and either younger than 19 years old or be a "student" younger than 24 years old as of the end of the calendar year.
- There's no age limit if your child is "permanently and totally disabled" or meets the qualifying relative test.
In addition to meeting the qualifying child or qualifying relative test, you can claim that person as a dependent only if these three tests are met:
- Dependent taxpayer test
- Citizen or resident test, and
- Joint return test
Answer:
You may be eligible to claim both your niece and her son as dependents on your return. In order to claim someone as your dependent, the person must be:
- Either your qualifying child or qualifying relative
- A U.S. citizen, U.S. resident, U.S. national or a resident of Canada or Mexico
- Unmarried or, if married, not filing a joint return or only filing a joint return to claim a refund of income tax withheld or estimated tax paid.
Additionally, you must meet the dependent taxpayer test. If you can be claimed as a dependent by another person, you can't claim anyone else as a dependent.
The requirements for a qualifying child and a qualifying relative, as well as additional information regarding these tests, can be found in Publication 501, Dependents, Standard Deduction and Filing Information.
Are child support payments deductible by the payer and may the payer claim the child as a dependent?
Answer:
No and maybe. Child support payments are neither deductible by the payer nor taxable income to the recipient. The payer of child support may be able to claim the child as a dependent:
- If the child lived with the payer for the greater part of the year, then the payer is the custodial parent for federal income tax purposes. The custodial parent is generally the parent entitled to claim the child as a dependent under the rules for a qualifying child if the other tests for claiming the child are met.
- If the payer is the noncustodial parent, then the payer may only claim the child as a dependent if the special rule for a child of divorced or separated parents (or parents who live apart) applies. That rule requires, in part, that the custodial parent sign and provide the noncustodial parent a Form 8332, Release/Revocation of Release of Claim to Exemption for Child by Custodial Parent or a substantially similar statement. The noncustodial parent must, then, attach a copy of that release to his or her return in order to claim the child as a dependent.
*IRS.Gov
Answer:
No, a child may only be claimed as a dependent on one return in a tax year.
For more information on which of you can claim your son, refer to Qualifying Child of More Than One Person.
next focusable element
Answer:
To claim your child as your dependent, your child must meet either the qualifying child test or the qualifying relative test:
- To meet the qualifying child test, your child must be younger than you and either younger than 19 years old or be a "student" younger than 24 years old as of the end of the calendar year.
- There's no age limit if your child is "permanently and totally disabled" or meets the qualifying relative test.
In addition to meeting the qualifying child or qualifying relative test, you can claim that person as a dependent only if these three tests are met:
- Dependent taxpayer test
- Citizen or resident test, and
- Joint return test
Answer:
You may be eligible to claim both your niece and her son as dependents on your return. In order to claim someone as your dependent, the person must be:
- Either your qualifying child or qualifying relative
- A U.S. citizen, U.S. resident, U.S. national or a resident of Canada or Mexico
- Unmarried or, if married, not filing a joint return or only filing a joint return to claim a refund of income tax withheld or estimated tax paid.
Additionally, you must meet the dependent taxpayer test. If you can be claimed as a dependent by another person, you can't claim anyone else as a dependent.
The requirements for a qualifying child and a qualifying relative, as well as additional information regarding these tests, can be found in Publication 501, Dependents, Standard Deduction and Filing Information.
Are child support payments deductible by the payer and may the payer claim the child as a dependent?
Answer:
No and maybe. Child support payments are neither deductible by the payer nor taxable income to the recipient. The payer of child support may be able to claim the child as a dependent:
- If the child lived with the payer for the greater part of the year, then the payer is the custodial parent for federal income tax purposes. The custodial parent is generally the parent entitled to claim the child as a dependent under the rules for a qualifying child if the other tests for claiming the child are met.
- If the payer is the noncustodial parent, then the payer may only claim the child as a dependent if the special rule for a child of divorced or separated parents (or parents who live apart) applies. That rule requires, in part, that the custodial parent sign and provide the noncustodial parent a Form 8332, Release/Revocation of Release of Claim to Exemption for Child by Custodial Parent or a substantially similar statement. The noncustodial parent must, then, attach a copy of that release to his or her return in order to claim the child as a dependent.
*IRS.Gov
To qualify for head of household filing status, do I have to claim my child as a dependent?
Answer:
Generally, to qualify for head of household filing status, you must have a qualifying child or a dependent. However, a custodial parent may be eligible to claim head of household filing status based on a child even if he or she released a claim to exemption for the child. See Noncustodial parent is claiming an exemption for my child; do I still qualify as head of household?
Is there an age limit on claiming my child as a dependent?
Answer:
To claim your child as your dependent, your child must meet either the qualifying child test or the qualifying relative test:
- To meet the qualifying child test, your child must be younger than you and either younger than 19 years old or be a "student" younger than 24 years old as of the end of the calendar year.
- There's no age limit if your child is "permanently and totally disabled" or meets the qualifying relative test.
In addition to meeting the qualifying child or qualifying relative test, you can claim that person as a dependent only if these three tests are met:
- Dependent taxpayer test
- Citizen or resident test, and
- Joint return test
Answer:
It depends on the type of mistake you made:
- Many mathematical errors are caught during the processing of the tax return and corrected by the IRS, so you may not need to correct these mistakes.
- If you didn't claim the correct filing status or you need to change your income, deductions, or credits, you should file an amended or corrected return using Form 1040-X, Amended U.S. Individual Income Tax Return.
When filing an amended or corrected return:
- Include copies of any forms and/or schedules that you're changing or didn't include with your original return.
- To avoid delays, file Form 1040-X only after you've filed your original return. Generally, for a credit or refund, you must file Form 1040-X within 3 years after the date you timely filed your original return or within 2 years after the date you paid the tax, whichever is later.
- Allow the IRS up to 16 weeks to process the amended return.
Answer:
Social security benefits include monthly retirement, survivor and disability benefits. They don't include supplemental security income (SSI) payments, which aren't taxable. The net amount of social security benefits that you receive from the Social Security Administration is reported in Box 5 of Form SSA-1099, Social Security Benefit Statement, and you report that amount on line 5a of Form 1040, U.S. Individual Income Tax Return or Form 1040-SR, U.S. Tax Return for Seniors (PDF). The taxable portion of the benefits that's included in your income and used to calculate your income tax liability depends on the total amount of your income and benefits for the taxable year. You report the taxable portion of your social security benefits on line 5b of Form 1040 or Form 1040-SR.
Your benefits may be taxable if the total of (1) one-half of your benefits, plus (2) all of your other income, including tax-exempt interest, is greater than the base amount for your filing status.
The base amount for your filing status is:
- $25,000 if you're single, head of household, or qualifying widow(er),
- $25,000 if you're married filing separately and lived apart from your spouse for the entire year,
- $32,000 if you're married filing jointly,
- $0 if you're married filing separately and lived with your spouse at any time during the tax year.
If you're married and file a joint return, you and your spouse must combine your incomes and social security benefits when figuring the taxable portion of your benefits. Even if your spouse didn't receive any benefits, you must add your spouse's income to yours when figuring on a joint return if any of your benefits are taxable.
Generally, you can figure the taxable amount of the benefits in Are My Social Security or Railroad Retirement Tier I Benefits Taxable?, on a worksheet in the Instructions for Form 1040 and 1040-SR or in Publication 915, Social Security and Equivalent Railroad Retirement Benefits. However, if you made contributions to a traditional Individual Retirement Arrangement (IRA) for 2019 and you or your spouse were covered by a retirement plan at work or through self-employment, use the worksheets in Publication 590-A, Contributions to Individual Retirement Arrangements (IRAs), to see if any of your social security benefits are taxable and to figure your IRA deduction.
RECOVERY REBATE CREDIT
For Information on the Recovery Rebate Credit ! Check out the Link Below
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