Can my 17 year old file taxes if I claim her? (2024)

Can my 17 year old file taxes if I claim her?

Can my child still file a tax return if I claim them? Yes, if you claim your child as a dependent, they can still file their own income tax return. It's important to note that if your child is filing their own tax return, you will not include their income on yours.

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Can I claim my 17 year old on my taxes if they work?

You can usually claim your children as dependents even if they are dependents with income and no matter how much dependent income they may have or where it comes from.

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Can my child still file taxes if I claim them?

If your dependent is claimed on your tax return, they may still be required to file an income tax return of their own. The requirements vary by filing status and age. The current tax year minimum income requirements for dependents are listed in the table below.

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Can a 17 year old file independent on taxes?

Teens don't need to file a separate tax return from their parents unless certain conditions apply. Different tax rules apply for teens who have earned vs. unearned income.

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Do I have to file taxes if my parents claim me as a dependent?

If your parents claim you as a dependent on their taxes, you may still need to file your own tax return.

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Can I claim my daughter as a dependent if she made over $4000?

Gross income is the total of your unearned and earned income. If your gross income was $4,700 or more, you usually can't be claimed as a dependent unless you are a qualifying child. For details, see Dependents.

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Why do you lose Child Tax Credit at age 17?

Now, a question arises: why does the Child Tax Credit cease when the child attains the age of 17? Though it may appear random, the logic behind this lies in societal norms that align 17 with the coming-of-age stage. This age has typically marked the end of school and the start of either higher education or employment.

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How much can your child make and still be claimed as a dependent?

A qualifying child can earn an unlimited amount of money and still be claimed as a dependent, so long as the child doesn't also provide more than half of their own support.

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When should I stop claiming my child as a dependent?

To meet the qualifying child test, your child must be younger than you or your spouse if filing jointly and either younger than 19 years old or be a "student" younger than 24 years old as of the end of the calendar year.

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Can I claim my college student as a dependent if they work?

If they are working while in school, you must still provide more than half of their financial support to claim them. Be aware that if your student meets any of the filing requirements below, they will need to file their own return.

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How do I add my child's w2 to my taxes?

If your dependent receives a Form W-2, you cannot report it on your tax return. Your dependent has to report the Form W-2 on their own tax return (if they are required to file).

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Can I do my own taxes if my parents claim me?

Can I file taxes if my parents claim me? Certainly. You must check the box on your 1040 that states someone else can claim you as a dependent. Many dependents file taxes to claim a refund of taxes withheld or to pay taxes on their own income.

Can my 17 year old file taxes if I claim her? (2024)
What is the dependent credit for age 17?

The maximum credit amount is $500 for each dependent who meets certain conditions. This credit can be claimed for: Dependents of any age, including those who are age 18 or older. Dependents who have Social Security numbers or Individual Taxpayer Identification numbers.

Do you get earned income credit for a 17 year old?

To qualify for CalEITC you must meet all of the following requirements during the tax year: You're at least 18 years old or have a qualifying child. Have earned income of at least $1.00 and not more that $30,950.

How much do you get per child on taxes 2024?

The maximum refundable amount — currently capped at $1,600 per dependent — would increase to $1,800 for 2023 taxes filed in 2024. In tax years 2024 and 2025, the refundable child tax credit amount would grow to $1,900 and $2,000.

Should my 17 year old file taxes?

Minors have to file taxes if their earned income is greater than $13,850 for tax year 2023. If your child only has unearned income, the threshold is $1,250 for tax year 2023. If they have both earned and unearned income, it is $1,250 for tax year 2023, or their earned income plus $400—whichever is greater.

Who Cannot be claimed as a dependent?

A person cannot be claimed as a dependent unless that person is a U.S. citizen, U.S. resident alien, U.S. national, or a resident of Canada or Mexico, for some part of the year. (There is an exception for certain adopted children.) A dependent must be either a qualifying child or qualifying relative.

What if my son claimed himself on taxes?

If you do qualify to claim him: If your son claimed himself on his tax return, your return will be rejected if you also So, please be sure that he amends his return and indicates that he is or will be claimed by someone else (you). Please note that amendment takes about 16 weeks to be processed.

Is it better for my college student to claim themselves?

Considerations When Filing as a Dependent or Independent Student. If your parents meet eligibility criteria to claim you as financially dependent for tax purposes, it is usually more beneficial for them to do so rather than you claiming a deduction for yourself.

Is it better to be an independent or dependent student?

In general, dependent students can expect to receive less financial aid than independent students (assuming the independent student has a lower EFC). Why? If you have fewer people and resources to financially support your education, you'll likely need more aid to be able to attend.

Can I claim my 25 year old son as a dependent?

It's possible, but once you're over age 24, you can no longer be claimed as a qualifying child. The only exception to this is if you're permanently and totally disabled. However, you can be claimed as a qualifying relative if you meet these requirements: Your gross income is less than $4,700.

How do I get the full $2500 American Opportunity credit?

How do I apply for American Opportunity Tax Credit (AOTC)? To claim AOTC, you must file a federal tax return, complete the Form 8863 and attach the completed form to your Form 1040 or Form 1040A. Use the information on the Form 1098-T Tuition Statement, received from the educational institution the student attended.

How much do you get for claiming a college student on taxes?

How much tax credit do you get as a parent for a college student? If your child is classified as a dependent student, you can claim the full AOTC or LLC tax credit. That is, up to $2,500 for the AOTC or $2,000 for the LLC per year.

What is the $1000 tax credit for college students?

You can get a maximum annual credit of $2,500 per eligible student. If the credit brings the amount of tax you owe to zero, you can have 40 percent of any remaining amount of the credit (up to $1,000) refunded to you.

What if my dependent child has a W-2?

You cannot report your child's Form W-2 on your tax return. If your child has earned income during the tax year, they must file a separate return to either receive a tax refund or pay any balance owed to the IRS.

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