Grandchild becoming my dependant
I became the guardian to my granddaughter in 2024. My daughter said I can claim her for 2024. Is this true?
I became the guardian to my granddaughter in 2024. My daughter said I can claim her for 2024. Is this true?
If your grandchild has been living with you since January of 2024, then you should be able to claim her as your dependent. Depending on her age (and your own income) you may get child-related credits such as the child tax credit, earned income credit, or the childcare credit. And you may be able to file as Head of Household, which will make less of your income taxable.
Am I Head of Household?
https://ttlc.intuit.com/questions/1894553-do-i-qualify-for-head-of-household
https://ttlc.intuit.com/questions/2900097-what-is-a-qualifying-person-for-head-of-household
If you qualify as Head of Household, when you enter your marital status (single or married filing separately) into MyInfo, and then enter your qualifying dependent, TurboTax will offer HOH as your filing status.
WHO CAN I CLAIM AS A DEPENDENT?
You can claim a child, relative, friend, or fiancé (etc.) as a dependent on your 2024 tax return as long as they meet the following requirements:
Qualifying child
Qualifying relative
When you add someone as a dependent, we'll ask a series of questions to make sure you can claim them. There may be other tax benefits you can get when you claim a dependent.
To claim a grandchild as your dependent
When you enter the child’s name in My Info, you will be asked “What’s your relationship to [child’s name]?”
Choose “another person”
a drop down menu will appear that lets you choose grandchild
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.