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April 8, 2023
Question

MY CHILD IS A DEPENDENT FULL-TIME STUDENT WITH A JOB.... HOW DO I CLAIM HER AND FILE HER INCOME ?

  • April 8, 2023
  • 2 replies
  • 0 views

my daughter iswas a full-time student living at home last year. 

She works part time and works full time during summer and other breaks. 

how do if file her income and still get my deduction for child student living at home. 

 

 

 

2 replies

Hal_Al
Employee
April 8, 2023

You claim the dependent, on your tax return, and in TurboTax, the same way you have in the past.  Her having income does not change anything.*

 

You do not report his/her income on your return. If it has to be reported, at all, it goes on his own return. If your dependent child is under age 19 (or under 24 if a full time student), he or she must file a tax return for 2022 if he had any of the following:

  1.          Total income (wages, salaries, taxable scholarship etc.) of more than $12,950 (2022).
  2.          Unearned income (interest, dividends, capital gains, unemployment, taxable portion of 529 distribution) of more than $1150 (2022)
  3.          Unearned income over $400 (2022) and gross income of more than $1150 (2022)
  4.          Household employee income (e.g. baby sitting, lawn mowing) over $2300 ($12,950 if under age 18)
  5.          Other self employment income over $432, including money on a form 1099-NEC

 

Even if he had less, he is allowed to file if he needs to get back income tax withholding. He cannot get back social security or Medicare tax withholding.

In TurboTax, he indicates that somebody else can claim him as a dependent, at the personal information section.

 

*There are two types of dependents, "Qualifying Children"(QC) and Other ("Qualifying Relative" in IRS parlance even though they don't have to actually be related). There is no income limit for a QC but there is an age limit, student status, a relationship test and residence test.

A child of a taxpayer can still be a “Qualifying Child” (QC) dependent, regardless of his/her income, if:

  1. He is under age 19, or under 24 if a full time student for at least 5 months of the year, or is totally & permanently disabled
  2. He did not provide more than 1/2 his own support. Scholarships are excluded from the support calculation
  3. He lived with the parent (including temporary absences such as away at school) for more than half the year

 

So, it doesn't matter how much he earned. What matters is how much he spent on support. Money he put into savings does not count as support he spent on himself.

The support value of the home, provided by the parent, is the fair market rental value of the home plus utilities & other expenses divided by the number of occupants.

April 8, 2023

wow! Now THAT was fast. 

Thank you so much for your advice

best regards

 

April 8, 2023

so can i file her return using Turbotax and still file mine also using Turbotax or do i need to buy another license?

or can i file my daughter's using Turbotax online and file mine using the purchased version ?

 

Hal_Al
Employee
April 8, 2023

If you are using desktop (CD/download) software, you can do both returns on your computer. In fact, you can do an unlimited number of returns (but are limited to 5 e-files, any additional would have to be paper filed). 

 

If you are using an online version, you need to get a separate account, for her. But, she will probably qualify for the free edition. 

April 15, 2023

Hello: so i am doing my college-student daughter's taxes claiming 0 dependents so i can claim her and her tuition. 

 

However, TurboT walks me through deductions and asking if SHE had any education expenses, i.e. 1098-E or 1098-T

do i claim those expenses on HER (daughter's) income tax return or do i show zero and claim education expenses on MY income tax return ?

 

Thanks for replying as soon as possible since i am now kind of painted into a corner and can't proceed.