To qualify as a dependant, your kid must either fulfill the qualifying child test or the qualifying relative test: To qualify as a qualifying kid, your child must be younger than you and either under the age of 19 or a "student" under the age of 24 as of the end of the calendar year. To qualify as a qualifying relative, they need to be an eligible spouse, former spouse, unmarried stepchild or adopted child of your deceased parent. The older you are when you file your tax return, the more years you have to meet the dependency requirement.
If you qualify, then you should include on Form 8332, Dependency Declaration, for each dependent for whom you claim exemption. You can find more information about this form at IRS.org.
You must submit Form 8332 with your tax return unless it contains only the name of one person as required by law. If you fail to submit a completed form, IRS will not allow you to claim any exemptions for that year.
The deadline to file federal income taxes is April 15th. However, if you have not filed your tax return by then, you can still file but may not be able to claim any exemptions for that year.
Federal laws generally require employers to withhold employment taxes from their employees.
You can claim dependent children until they reach the age of 19, unless they attend college, in which case they can be claimed until they reach the age of 24. Provided your child is above the age of 24, they can still be claimed as a "qualified relative" if they fulfill the qualifying relative requirement or are permanently and totally incapacitated.
In addition to these rules, if you are alive and living in the same household as the claimed child, they can't be claimed as a dependent unless you file a tax return for that year. If you die and need to file an estate tax return, the child can be claimed on that return.
Dependents can include unmarried children under the age of 18, as well as married children over the age of 18 if one spouse dies. If both spouses die, each surviving spouse can take out a new Social Security card for themselves. The surviving spouse must submit evidence of relationship such as a marriage license or death certificate to prove their status as a dependent.
If you remarry, then lose your husband or wife, you would no longer be considered married for Social Security purposes. You would now have to file a new SS-4 form (or get your previous employer to do it for you) in order to be eligible to claim your spouse as a dependent. Your new spouse must also submit a SS-20 form to verify their marital status.
Can I list him as a dependant on my tax return? No, since your child would not fulfill the age requirement, which states that your "qualifying child" must be under the age of 19 or 24, if enrolled full-time for at least 5 months of the year. His income must be less than $4,300 in 2020 ($4,200 in 2019) to be regarded a "qualified relative." Your son cannot be claimed as a dependent unless he meets both of these requirements.
If he was born before 1977, there's a chance he could be claimed as a dependent. But only if you can prove that you were financially unable to work and that you relied on his income during that period. If this applies to you, then more information is needed about your son's situation before we can say with certainty whether or not he can be claimed as a dependent. Contact us and we'll do our best to help.
In addition to satisfying the age requirement and earning capacity requirements, certain special circumstances may allow you to claim someone else as a dependent. For example:
If you are divorced or separated from your husband or wife (but still live together) you can still claim each other as dependents even though you no longer file taxes jointly.
If you are married but have not been living together for at least one year you can't claim your spouse as a dependent. However, if you separate within one year of filing your taxes, you can continue to claim your spouse until you file new taxes separately.
If your qualifying kid is your dependant, you can claim him or her as a dependent. In most cases, the kid is the custodial parent's eligible child. Form 8332, Release/Revocation of Custodial Parent's Claim to Exemption for Child, or a substantially equivalent declaration, is signed by the custodial parent, and sent to the IRS with the tax return for the dependent child. The form serves as a release of any exemption that the dependent might have been entitled to.
Furthermore, if the qualifying kid is under age 17, he or she can also be claimed as a Dependent Child even though he or she isn't yours legally. For example, an unmarried mother can claim her baby as a dependent even though the father hasn't agreed to support the child. The father may be able to claim the child as his own depending on the circumstances surrounding the birth of the child.
Dependents must meet certain requirements to be eligible for dependency exemption deductions. A married filing joint return is not allowed unless both spouses are qualified taxpayers. If just one spouse is disqualified because of inheritance taxes, the other can still claim the dependency exemption if they pay more than $5,250 (for 2013) or $6,500 (for 2014) in order to avoid inheritance taxes.
A child must meet several requirements to be eligible for the dependency exemption.