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Why am I asked whether my dependent grossed >= $5050? Why does it matter?
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Because if they aren't a full-time student under age 24, they aren't eligible to be claimed as a dependent if they made more than $5,050. If they are a full-time student, it doesn't matter. You can answer the question and move on.
You can see: Rules for Claiming Dependents on Taxes for more information.
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