Question

Turbo is giving me the Other Dependant Tax Credit when my childs income is > $4300

Forum|Forum|4 years ago
February 25, 2022
2 replies
0 views

Hello,

My daughter was 23 at the end of 2021 and a full time student working on a Masters. Since I'm paying for her education and most of her support I am claiming her as a dependant. Turbo Tax is giving me the $500 "other dependant" tax credit. However, she earned $4500 last year (W2) from a part time job at our church, plus $111 in interest income. (She will have to file a return since social security and medicare weren't withheld, but we haven't yet filed).

From what I am reading she is over the $4300 limit in income so I am not elgible to receive the tax credit.

Turbo tax asks me nothing about her income. My question is how do I stop Turbo Tax from giving me the $500 tax credit or how to I remove the tax credit from my return. I don't know why the program does not ask me about her income if there is a $4300 limit.

Any help would be appreciated. Tim

VolvoGirl

Employee

The 4,300 limit is only if they are 19 or older and NOT a full time student or over 23. She was still 23 and a full time student. She qualifies.

T

tjfiebigAuthor

Thank you.

X

xmasbaby0

Employee

She can be your qualifying child dependent until the tax year when she turns 24 if she is a full-time student--and is not subject to the $4300 income limit. When she is 24 that will come into play. At age 23, you are still okay to claim her and get the $500 credit

WHO CAN I CLAIM AS A DEPENDENT?

You can claim a child, relative, friend, or fiancé (etc.) as a dependent on your 2021 taxes as long as they meet the following requirements:

Qualifying child

They're related to you.
They aren't claimed as a dependent by someone else.
They're a U.S. citizen, resident alien, national, or a Canadian or Mexican resident.
They aren’t filing a joint return with their spouse.
They're under the age of 19 (or 24 for full-time students).

No age limit for permanently and totally disabled children.

They lived with you for more than half the year (exceptions apply).
They didn't provide more than half of their own support for the year.

Qualifying relative

They don't have to be related to you (despite the name).
They aren't claimed as a dependent by someone else.
They're a U.S. citizen, resident alien, national, or a Canadian or Mexican resident.
They aren’t filing a joint return with their spouse.
They lived with you the entire year (exceptions apply).
They made less than $4,300 in 2021.
You provided more than half of their financial support

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**