Can you claim your sibling as a dependent?
Can you claim your sibling as a dependent?
The IRS says you can claim children as dependents as long as they meet the following requirements: The child must be related to you. For example, your son or daughter, stepson or stepdaughter, brother or sister, stepbrother or stepsister, nephew or niece, or grandchild can be considered a dependent.
Do I have to claim my college student as a dependent?
You may be able to claim them as a dependent even if they file their own return. If your student is single, they usually are required to file a federal return if any of the following applies: They have more than $1,100 of unearned income. They earn more than $12,400.
What do my parents get for claiming me as a dependent?
Parents can claim their adult children as dependents as long as they meet certain criteria. If you’re still considered a dependent, your parents may be eligible to receive educational credits such as the American Opportunity Credit and can claim scholarships, grants and tuition payments for you.
Why is TurboTax asking for my parents income?
You are being asked that because you come under the rules for the kiddie tax. You unearned income over $2,200 will be taxed at your parent’s tax rate and the parents social security number is needed. TurboTax will use the parent’s social security number to fill out Form 8615 that will be filed with your return.
Why is TurboTax asking for my parents Social Security number?
Why is turbo tax asking for a parents SSN if im 22 and filing my own taxes? You unearned income over $2,200 will be taxed at your parent’s tax rate and the parents social security number is needed. TurboTax will use the parent’s social security number to fill out Form 8615 that will be filed with your return.
Who fills out form 8615?
Form 8615 must be filed for any child who meets all of the following conditions. c. Was a full-time student at least age 19 and under age 24 at the end of 2020 and didn’t have earned income that was more than half of the child’s support. (Earned income is defined later.
How do I get rid of Form 1095 A on TurboTax?
How do I delete Form 1095A from my tax return?
- Open or continue your return in TurboTax.
- Locate Tax Tools.
- Select Tools.
- See the pop-up window Tool Center.
- Choose Delete a form.
- Select Delete next to the form/schedule/worksheet in the list.
- Follow the instructions.
