Tuesday, January 12, 2010
About Dependents and Exemptions
Who can qualify as a dependent ...exemptions...
Consider these;
1. If someone else claims you as a dependent, you may still be required to file your own tax return. Things to consider are; Earnings or gross income, marital status, any special taxes you owe and, any advance Earned Income Tax Credit payments you received.
2. There are two types of exemptions: personal exemptions and exemptions for dependents. For each exemption you can deduct $3,650 on your 2009 tax return. Exemption amounts are reduced for taxpayers whose adjusted gross income is above certain levels, depending on your filing status.
3. If you are a dependent, you may not claim an exemption.
4. Your spouse is never considered your dependent. If you’re filing a separate return, you may claim the exemption for your spouse only if they had no gross income, are not filing a joint return, and were not the dependent of another taxpayer.
5. Some people cannot be claimed as your dependent. To claim someone as a dependent, that person must be a U.S. citizen, U.S. resident alien, U.S. national or resident of Canada or Mexico for some part of the year. There is an exception to this rule for certain adopted children.
Consider these;
1. If someone else claims you as a dependent, you may still be required to file your own tax return. Things to consider are; Earnings or gross income, marital status, any special taxes you owe and, any advance Earned Income Tax Credit payments you received.
2. There are two types of exemptions: personal exemptions and exemptions for dependents. For each exemption you can deduct $3,650 on your 2009 tax return. Exemption amounts are reduced for taxpayers whose adjusted gross income is above certain levels, depending on your filing status.
3. If you are a dependent, you may not claim an exemption.
4. Your spouse is never considered your dependent. If you’re filing a separate return, you may claim the exemption for your spouse only if they had no gross income, are not filing a joint return, and were not the dependent of another taxpayer.
5. Some people cannot be claimed as your dependent. To claim someone as a dependent, that person must be a U.S. citizen, U.S. resident alien, U.S. national or resident of Canada or Mexico for some part of the year. There is an exception to this rule for certain adopted children.
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