Taxes Questions and Answers

Can i file taxs with no income i have 4 children?




Answers: It really would have been worth your wild to have had a part-time job. Not only would have you gotten back the federal income tax paid, but might have been able to qualify for EIC.
No i am sorry but you need to have income to file a tax return. My sister has 4 kids and she only made about $12,000 last year and she got back about $5,000. It would be in your best interest to see if you are able to work at least part-time.
It also depends on your children's ages for tax credits and EIC.

Question going on for who claims a college student as the dependent?

Here are the details. Grandmother was awarded official custody of the child (at 7 years of age) when his parents divorced. Child is now 19 years frail, graduated big school, and is considered "emancipated" by the courts. He immediately attends college and lives in the college dorms. All eligible tuition expenses are compensated for via federal grants. However, grandmother pays adjectives dormitory room and board, transportation, books, supplies, and all other support expenses. Question is, can the grandmother verbs to claim him as a dependent now that he is living away from "home?" Did that dependency pause when he was emancipated? Or does the child revert final to one of his biological parents being competent to claim him as a dependent on their tax returns?


Answers: A child away at university is considered to be living at home according to the Tax Code. The grandmother can continue to claim the child as her Qualifying Child until he or she any finishes school or turns age 24 unless the child provides more than partially of their OWN support. The tuition and other expenses paid by exhibition are NOT cosidered self-support.

Assuming that the child lived with the grandmother prior to going to college -- and this plainly appears to be the crust -- the grandmother can continue to claim the child as the child is still considered to be living surrounded by the grandmother's home since the absence for academy is considered temporary. As long as the child is attending institution full-time (according to the school's definition of full-time) for any part of at tiniest 5 months in the toll year and is not providing more than half of his or her OWN support, the grandmother can verbs to claim the child as her Qualifying Child as mentioned above.

Since the grandmother can claim the child as a dependent, the child loses his or her personal exemption, even if the grandmother does not claim the child.

The rules for dependency for Federal income tax purposes enjoy nothing to do near your legal status as an fully fledged. (And you are not "emancipated" either. An emancipated minor is one below age 18 who has be granted legal status as an mature by the courts. If you are 18 or over you have largely reached the age of majority and are not "emancipated" as it would be a moot point.

The rule for support below the Qualifying Child rule is that the CHILD not provide more than half of their OWN support. The grandmother does NOT enjoy to provide more than half of the child's support! That rule be discarded 3 years ago.
To claim the sutdent as a dependent the taxpayer has to show that more than 1/2 of adjectives support was rewarded by the taxpayer. If the child goes home for holidays or academy breaks then the factor of the cost of providing that home to return to is considered for support.

The biological parents would to have proof for one and the same standard of support.

If noone provides more than half of the support it is possible that noone can claim the student's exemption.

I am a 23, Male, Single, living contained by VA. Should I check the Single or Head of Househould block on my W4?

I am making less afterwards $50,000 a year.
I only claim myself (1) on my current W-4


Answers: Single. HoH is for someone supporting a dependent, usually their child who lives near them or an elderly parent.
If you're not supporting anyone besides yourself, you're not the head of the household.

The entirety of this site is protected by copyright © 2008. All rights reserved. RunEye.com