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When Can A Child Claim Themselves For Income Tax Purposes?

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When Can A Child Claim Themselves For Income Tax Purposes?

Many parents are always at loss when confronted with the question “When can a child claim themselves for income tax purposes?” This is because the whole thing about parents claiming their children for tax purposes is shrouded by misinformation which results in a lot of confusion. It is always difficult for many parents to tell when exactly to stop claiming their children for tax purposes and let the children claim themselves on the same. Many parents are not sure with the exact age of when to stop or what circumstances to do so.

Parents claim children for tax purposes because of the tax benefits that they always get as a result of this action. Exemptions, head of household status and earned income credits are some of the benefits that parents get when they claim their children for tax purposes. All these benefits help reduce the tax liability one has and also at the same time help increase any returns that are due. This is why parents are always taking their time to examine their children and find out how to claim them for tax purposes. For divorced or separated parents, the question of who should claim the children for tax purposes should be discussed prior to any claims being made. This would eliminate chances of conflict between the two parents.

If the child supports himself in one way or another, the parent cannot claim them for tax purposes. Therefore to the question “When can a child claim themselves for income tax purposes?” one can answer as long as they are capable of providing for themselves. The children can then go ahead to claim themselves for tax purposes.

Parents can claim their children for tax purposes when the children have lived with them for the whole tax year and the parents have been supporting at least 50 percent of the children’s lifestyle and the children are under the age of 18. A parent can also claim tax returns for children who are aged 24 if the children are fulltime students who they have been supporting for at least 50 percent of their lifestyles for at least five months of the tax year. In this scenario, it does not matter where the child lives.

If the children, although they are fulltime students, have their own income and support themselves, they can also claim themselves for tax purposes. “When can a child claim themselves for income tax purposes?” Well, if the child is in school fulltime and finds money to support themselves, they can go ahead and claim themselves for tax purposes.

When children claim themselves for tax purposes, they also get returns and other credits. It is therefore important that children who are supporting themselves should go ahead and claim themselves for tax purposes. When children claim themselves for tax purposes, their parents cannot also do the same. It is therefore important for the children to inform their parents whenever they claim themselves for tax purposes. The above information should help shed light on the question: “When can a child claim themselves for income tax purposes?”

When Can A Child Claim Themselves For Income Tax Purposes?
General Contributor
Janice is a writer from Chicago, IL. She created the "simple living as told by me" newsletter with more than 12,000 subscribers about Living Better and is a founder of Seekyt.

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