HEy buddy. So im tring to file my taxe and having a hard time understanding why im not able to get an extra 500$ for my father who lives with us and I pay more than half of his support and he makes less than 4300 a year. im still stuck at the 638 and not over a grand for that.
Your "tax liability" (the number on the first line of page 2 or your 1040) has to be least $500 for you to receive the full Credit for Other Dependents. It is a "non-refundable" credit.
Can taxpayer John claim das dependent if taxpayer is supporting Viola, mother of his deceased wife as dependent. In IRS publication 501, there is a statement what states" Relationship created by marriage does not end with death or divorce. So please confirm whether John can claim Viola as dependent?
Yes. Step and In-law relationships do not end when the underlying marriage ends, whether by death or divorce so they remain valid relationships to claim a dependent.
@TheTaxGeek Thankyou for your Quick response. It was greatly helpful. I am Indian student who is pursuing EA Course. The reason why I asked about this question, the EA review course provider whom I am registered with was not accepting regarding this statement and example which is provided on page number 18 of IRS publication 501. Could you please inform and guide about what is the procedure to raise queries about the doubt by taxpayer or student with IRS regarding interpretation and applicability of example mentioned in IRS publication 501. What is the IRS timeline to reply for my Queries?
Thank you for the video. Very helpful. I'm trying to see if I qualify to be my mother's dependent. I am unemployed right now. I meet all the qualifying relative criteria but have a question about the income part. I have over $5000 in unearned income (interest and dividends). The interest I receive is not spent by me. It stays in a savings account. I also don't spend the dividends income. They are always reinvested. My mom provides more than half of my living expenses. Because I don't spend any of my unearned income, do I qualify to be her dependent? Thank you for any help!
If you don't qualify under the Qualified Child rules, your income comes into play when determining if you are a dependent. The present threshold for 2023 is $4,700, which increases with inflation every year.
I also have another question. Since I only have $5000 in unearned income only (no earned income)-- do I have to file? I read somewhere if I have over $1500 in dividends, I have to file. Is this true? Even if my unearned income is not enough to require me to file? Thank you!
Spouses are never dependents, spouses instead give you double the Standard Deduction than you would get as filing as a Single person. From a 21st Century perspective, up until about 50 years ago, it was commonplace for one spouse (almost always the wife) to not work in paid employment.
My sister left her husband in March of 2021. She started living with me that same Month. She is a mentally challenged adult. (mild to moderate) I declared her as a dependent on my 2021 tax return. I was denied because her husband already filed and used her as a dependent. What can I do to fix that.
What your sister's husband did was file as married filing jointly, with your sister as the spouse. What you're going to have to do is amend your 2021 tax return (I'm assuming it's already filed), claim your sister as a dependent, and submit the amendment on paper. You will get correspondence where you will have to submit evidence of your relationship and residency. This is the tricky part: you have to somehow prove that the husband filed the return without your sister's knowledge or consent, and this could be made doubly difficult because if your sister is mentally challenged, her estranged husband might have Power of Attorney over her and as a result, may be able to sign tax returns on her behalf. The best thing to do is get an attorney. The IRS doesn't like to get involved in marital issues and the financial aspects of this situation should be worked out as part of a divorce/separation agreement.
Please I have an important question I was born to Ghanaian parents in the U.S.(Pennsylvania specifically) and I’m 16 now, I’ll be 17 next month We moved to Ghana in 2012 and have lived here ever since Can my aunt who lives and is a taxpayer in Maryland claim me as her qualified relative if I move back to the U.S?
If you were born in the U.S., you are a United States Citizen. If you move back to the U.S., and you live with her for at least half the year, and you have (or obtain) a Social Security Number, your aunt can claim you as a dependent, assuming you meet all the other tests.
Hello sir. I immigrated to USA during early September 2022. My kids were living with me throughout the entire 2022. We are all green card holders, meanwhile My husband moved to USA during early January 2022 and is also a green card holder. My question is can we claim 2022 CTC return for my children yet we are living in the USA since September 2022 and meet all other conditions for qualifying children. Thanks for your answer.
UPDATE: For 2024, the income test for a Qualifying Relative is $5,050
Thank you tax geek this video was extremely helpful. Keep up the great work love you!
You’re very welcome!
HEy buddy. So im tring to file my taxe and having a hard time understanding why im not able to get an extra 500$ for my father who lives with us and I pay more than half of his support and he makes less than 4300 a year. im still stuck at the 638 and not over a grand for that.
Your "tax liability" (the number on the first line of page 2 or your 1040) has to be least $500 for you to receive the full Credit for Other Dependents. It is a "non-refundable" credit.
Can taxpayer John claim das dependent if taxpayer is supporting Viola, mother of his deceased wife as dependent.
In IRS publication 501, there is a statement what states" Relationship created by marriage does not end with death or divorce.
So please confirm whether John can claim Viola as dependent?
Yes. Step and In-law relationships do not end when the underlying marriage ends, whether by death or divorce so they remain valid relationships to claim a dependent.
@TheTaxGeek
Thankyou for your Quick response.
It was greatly helpful.
I am Indian student who is pursuing EA Course.
The reason why I asked about this question, the EA review course provider whom I am registered with was not accepting regarding this statement and example which is provided on page number 18 of IRS publication 501.
Could you please inform and guide about what is the procedure to raise queries about the doubt by taxpayer or student with IRS regarding interpretation and applicability of example mentioned in IRS publication 501.
What is the IRS timeline to reply for my Queries?
Thank you for the video. Very helpful. I'm trying to see if I qualify to be my mother's dependent. I am unemployed right now. I meet all the qualifying relative criteria but have a question about the income part. I have over $5000 in unearned income (interest and dividends). The interest I receive is not spent by me. It stays in a savings account. I also don't spend the dividends income. They are always reinvested.
My mom provides more than half of my living expenses.
Because I don't spend any of my unearned income, do I qualify to be her dependent?
Thank you for any help!
If you don't qualify under the Qualified Child rules, your income comes into play when determining if you are a dependent. The present threshold for 2023 is $4,700, which increases with inflation every year.
@@TheTaxGeek thank you. I see I don't qualify then.
I also have another question. Since I only have $5000 in unearned income only (no earned income)-- do I have to file?
I read somewhere if I have over $1500 in dividends, I have to file. Is this true? Even if my unearned income is not enough to require me to file?
Thank you!
Watching it after 2 years but why is your spouse who is unemployed not considered a dependent?
Spouses are never dependents, spouses instead give you double the Standard Deduction than you would get as filing as a Single person. From a 21st Century perspective, up until about 50 years ago, it was commonplace for one spouse (almost always the wife) to not work in paid employment.
My sister left her husband in March of 2021. She started living with me that same Month. She is a mentally challenged adult. (mild to moderate) I declared her as a dependent on my 2021 tax return. I was denied because her husband already filed and used her as a dependent. What can I do to fix that.
What your sister's husband did was file as married filing jointly, with your sister as the spouse. What you're going to have to do is amend your 2021 tax return (I'm assuming it's already filed), claim your sister as a dependent, and submit the amendment on paper. You will get correspondence where you will have to submit evidence of your relationship and residency. This is the tricky part: you have to somehow prove that the husband filed the return without your sister's knowledge or consent, and this could be made doubly difficult because if your sister is mentally challenged, her estranged husband might have Power of Attorney over her and as a result, may be able to sign tax returns on her behalf.
The best thing to do is get an attorney. The IRS doesn't like to get involved in marital issues and the financial aspects of this situation should be worked out as part of a divorce/separation agreement.
@@TheTaxGeek Thanks for the quick reply. My tax person said to fill out a Request for appeals review form, and send that in.
Qualified child, meaning only one child could be claimed? Regardless of say twins, triplets etc?
You can claim as many dependents under the "qualified child" rules as, well, qualify.
Should it be adopted child instead of foster child for qualified child relationship test?
Both adopted children and foster children can be considered qualified children.
Please I have an important question
I was born to Ghanaian parents in the U.S.(Pennsylvania specifically) and I’m 16 now, I’ll be 17 next month
We moved to Ghana in 2012 and have lived here ever since
Can my aunt who lives and is a taxpayer in Maryland claim me as her qualified relative if I move back to the U.S?
Please I meant to ask if she can claim me as her qualified child instead of qualified relative
Sorry for the error
If you were born in the U.S., you are a United States Citizen. If you move back to the U.S., and you live with her for at least half the year, and you have (or obtain) a Social Security Number, your aunt can claim you as a dependent, assuming you meet all the other tests.
Ok thank you for the reply, you’ve really helped me out🙏🙏
Hello sir. I immigrated to USA during early September 2022. My kids were living with me throughout the entire 2022. We are all green card holders, meanwhile My husband moved to USA during early January 2022 and is also a green card holder. My question is can we claim 2022 CTC return for my children yet we are living in the USA since September 2022 and meet all other conditions for qualifying children. Thanks for your answer.
I believe you can, as long as you both elect to be residents of the United States for tax purposes (as opposed to being "dual-status aliens.")
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So you came from Robinhood