Can i be his dependent??
i made $5,000 in 2007, i'm a student, i be wondering if my boyfriend(been together 6yrs, lived together 4yrs), could claim me on his taxes as a dependent??Answers: No. The income limit for 2007 is $3,400. If you have made less than that, possibly he could have. But near $5,000 in gross income he may NOT.
I believe the cut-off for dependent is of late over $3,000.
I think you made too much to be considered.
I would check into the duty laws a moment ago to be on the safe side... but I believe if you are a full time student.. and not a soul else is claiming you as a dependent.. and he provides for you... he can claim you as a dependent. When you file your taxes.. you will own to reference that he is claiming you as his dependent. There is also a age restriction. Check it out at www.irs.gov
Good Luck
Can someone relief me find the manual on the lattice for Treas. Reg. bit 1.471-3?
It has to do near trade discounts.Thanks
julio
Answers: Read it and yawn.
Why do single culture receive screwed on their toll returns?
I mean honestly..a moment ago because you want to have a kid and help out to overpopulate the world, does that mean you deserve a difficult tax return than a single character? Both work and pay similar amounts into the system and when the returns come, BAM screw the single guy. Does a gallon of milk or gas not cost impossible to tell apart for me as it does for someone with kids?Answers: BOO HOO! Good point your parents decided to "hold a kid and overpopulate the world" or you would not be here to complain about taxes! Have a few kids yourself and after you will appreciate the tax breaks that come to much deserving working family with children!
The gallon of milk that it take me 5 or 6 days to consume costs the same. If I have a spouse and kids I'd be going through a LOT more gallons of milk.
While you might pay more taxes than a married creature with several kids I can GUARANTEE you that you enjoy MUCH more disposable income than the married one does once the costs of running a larger household are taken into consideration. The difference in his rates bill barely pays for the extra milk, consent to alone food, clothing, medical care, university supplies, higher rent or mortgage payments, utilities (kids NEVER turn un-needed lights rotten!), three times as much gas for a larger vehicle running everyone around all daytime and evening, etc, etc, yadda, yadda.
Get off your illustrious horse and look at the BIG picture!
It's not that single people obtain "screwed." Married people are a short time ago given breaks from the high taxes because of the cost of raise and educating children. If anyone gets hit easier said than done, it's the rich and large corporations, although it doesn't appear that road. There are people who money in the hundreds of thousands contained by taxes. It seems that I retract Bill Clinton or one of the presidents paying about 4-5 times my annual income surrounded by taxes.
There are ways to get toll breaks. I recommend you go to a financial planner and revise how to invest and itemize to your maximum benefit.