Miranda
Carpal \'Tunnel
Reged: 06/02/05
Posts: 20822
Loc: North of Mexico
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My SS worked over the summer. I think he made about 1100 dollars. Do I need to file his W-2 with ours, and will it count against our income when filing? What is the standard for working teens?
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13.1...because I am only half crazy!
Edited by Miranda (01/06/10 08:03 AM)
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Avaya
Carpal \'Tunnel
Reged: 02/09/06
Posts: 9816
Loc: Arkansas
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I would never add my child's earnings to my own tax return. If that's the only income he has, he doesn't have to file a return and wont owe taxes. If you add it to yours, taxes will be owed, and taxed at YOUR highest tax rate. IDK what this years rules will be but I believe in the past if he had less than $3300 in earned income, or unearned income less than $800 then they don't have to file. I wouldn't expect it to be much different this year.
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Eternity is too long to be wrong.
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Tweeby
Carpal \'Tunnel
Reged: 06/05/04
Posts: 7100
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You file as normal with him as a dependant. He CAN file his own return but he will not claim himself as you have already claimed him. Because of the small amount, he will most likely get back any taxes he paid to Federal.
BTW, this is a good time to have him learn about filing tax returns. This year I will have my YSS learning and he will be filing a paper return (no reason to pay for e-file) and doing it by hand. This is not hard to do when you follow the directions for the EZ form.
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LeAnne
Carpal \'Tunnel
Reged: 08/18/05
Posts: 10232
Loc: missouri
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Did they change the law about claiming kids who are 17?
Our accountant said this would be the last year(2009)that we could claim SS on our taxes. He turned 17 in Dec. 2009.
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Empty Nesting
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Tweeby
Carpal \'Tunnel
Reged: 06/05/04
Posts: 7100
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LeAnne, there are rules for claiming a dependant. I would believe that not being able to claim your SS for tax purposes is due to him being in the Job Corps and not realling 'living' with you but yet not being away temp.
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BeachBabeRN
Carpal \'Tunnel
Reged: 01/16/06
Posts: 3031
Loc: VA for 21 years, NC forever!
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My youngest son probably made about 2K this year and when he filled out his W-4, he had it so that he had no witholding removed form his check.
As I provide his support, I continue to claim him on my taxes.
I do have one question though -- when he makes over the threshold next year and HAS to file a tax return, can I still claim him? I'll still be supporting him as he livesi n my home -- if I lose that deduction that's going to s uck!
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Tweeby
Carpal \'Tunnel
Reged: 06/05/04
Posts: 7100
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You can claim him as he still is in school and under 24 yo. There are rules for claiming a dependant. But pretty much him being in school, not married, and you are providing over 1/2 of his support you can claim him.
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Tweeby
Carpal \'Tunnel
Reged: 06/05/04
Posts: 7100
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I just want to add as some people may be a bit confused. For the child tax credit the child must be 16 at the end of the year (2009 for this year) to get that credit. Once the child is 17 yo you can't get the child tax credit but you can STILL claim the child as your dependant.
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LeAnne
Carpal \'Tunnel
Reged: 08/18/05
Posts: 10232
Loc: missouri
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So SS turned 17, on 12/12/2009, I guess we get screwed on the tax credit?
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Empty Nesting
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Tweeby
Carpal \'Tunnel
Reged: 06/05/04
Posts: 7100
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Yep, you can't claim him for the child tax credit in 2009.
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