Can i claim single with a dependent
WebCommunity Experts online right now. Ask for FREE. ... Ask Your Question Fast! WebJun 1, 2024 · June 1, 2024 6:26 AM. It means that you are filing single (not married or head of household) and also claiming one person as a dependent. This dependent could be a qualifying child or relative. You may qualify for more than one tax filing status. For example, a single (unmarried) person isn't necessarily restricted to the single filing status.
Can i claim single with a dependent
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WebA single filer with no children should claim a maximum of 1 allowance, while a married couple with one source of income should file a joint return with 2 allowances. You can also claim your children as dependents if you support them financially and they’re not past the age of 19. Children attending college can be claimed until the age of 24.
WebTo claim your spouse as a dependent, certain criteria must be met. Firstly, you must be married and filing a joint tax return. Secondly, your spouse must not have earned more than the personal exemption amount. For the tax year 2024, the personal exemption amount is $4,300. Additionally, if your spouse had any income during the year, that ... WebFeb 28, 2024 · To qualify as a dependent, Your parent must not have earned or received more than the gross income test limit for the tax year. This amount is determined by the IRS and may change from year to year. The gross income limit for 2024 is $4,400. Generally, you do not count Social Security income, but there are exceptions.
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WebJan 31, 2024 · Yes, it is possible & as a matter of fact it is a common problem this year. The problem stems from the fact that the W4 that you file with your employer has completely changed to reflect the tax law changes from 2024 through 2024. There are no more personal exemptions as they have been replaced with an increased standard deduction as well as …
WebJun 2, 2024 · For 2024, you do not use the W-4 form to claim withholding allowances any longer. It has changed! You might be wondering what it means to claim a 0 or 1 on a W-4, but it’s important to note that in 2024, you don’t use the W-4 form to claim withholding allowances. This new rule applies whether you claim 1 or 0 on a W-4 form (or anything in ... stucker tours pittston paWebMar 12, 2024 · Due to high income, AOTC cannot be claimed by parents who are filing jointly. So can my college going child file separately to claim the refundable $1000 AOTC in 2024. if we don't claim him as a dependent on our return ? We will lose $500 dependent credit but our child stands to gain $1000 by filing separately. stuckey \u0026 alexander insurance bishopville scWebJan 23, 2007 · Single Filing and Qualifying Widow or Widower Filing Status . Individuals who are widows or widowers and who can claim a dependent child might qualify for the qualifying widow/widower filing status as well. This is a special filing status for surviving spouses, and the tax rates and standard deduction are the same as for those who are … stuckert rd warrington pa 18976 re for saleWebJan 13, 2024 · If you qualify to be claimed as a dependent, you must answer “yes” that you can be claimed as a dependent on someone else’s return. You’ll also be asked if the person who could claim you, will claim you, which only impacts your eligibility for certain education credits. Answering “no” to the question, when you could be claimed, is ... stucker tours 2015WebJan 13, 2024 · If you qualify to be claimed as a dependent, you must answer “yes” that you can be claimed as a dependent on someone else’s return. You’ll also be asked if the person who could claim you, will claim you, which only impacts your eligibility for certain education credits. Answering “no” to the question, when you could be claimed, is ... stuckert \u0026 yates newtownWebFeb 9, 2024 · • A taxpayer can’t claim a dependent if they are a dependent themselves, if the dependent files a joint tax return with a spouse (except in certain cases), or is claimed as a dependent on someone else’s tax return. ... These new changes came from the … Also for tax year 2024, the maximum amount that can be contributed to a … Remember, only one person can claim the dependent in any given tax year. In … If you disagree, you can provide more information or submit an amended tax … Yes, your domestic partner can claim you as a dependent on their tax return under … The Earned Income Tax Credit (EITC) For many Americans, it can be difficult to … The Child Tax Credit can significantly reduce your tax bill if you meet all seven … stuckert and yates attorneysWebMar 31, 2024 · Married individuals filing jointly get double that allowance, with a standard deduction of $25,900 in 2024 and $27,700 in 2024. 6. Similarly, singles are taxed at the lowest marginal tax rate of ... stuckert and yates newtown pennsylvania