If they aren't a qualified child or a qualified relative, as defined, you can't claim them.
For each qualified dependent you may claim an exemption of $3,650.
Not if they are qualified to be a dependent...
There are not limits are the number of dependent exemptions that are allowable on the return, however, there are very specific rules and tests to show whether or not a dependent exemption is allowed. See the Qualified Child (QC), and/or Qualified Relative (QR) Tests for further information. This information is not intended to be construed as tax advice. Consult with your advisor when taking dependent exemptions.
Of course, they must be a "qualified relative" before you can even hope to claim them. It depends on your specific tax situation, but each dependent is worth +/- $750 of additional refund.
If they aren't a qualified child or a qualified relative, as defined, you can't claim them.
For each qualified dependent you may claim an exemption of $3,650.
Not if they are qualified to be a dependent...
There are not limits are the number of dependent exemptions that are allowable on the return, however, there are very specific rules and tests to show whether or not a dependent exemption is allowed. See the Qualified Child (QC), and/or Qualified Relative (QR) Tests for further information. This information is not intended to be construed as tax advice. Consult with your advisor when taking dependent exemptions.
Yes each qualified taxpayer and qualified dependent would be 1 exemption for each one on your 1040 federal income tax return when it is completed correctly.
Of course, they must be a "qualified relative" before you can even hope to claim them. It depends on your specific tax situation, but each dependent is worth +/- $750 of additional refund.
Each individual qualified taxpayer or qualified dependent that is listed on the federal 1040 income tax return has 1 exemption on that income tax return and for the tax year 2009 and 2010 tax year 1 qualified exemption amount on that tax return would be 3650.
Each qualified dependent on your tax return can reduce your tax by as much as $3900 per person. Dependents can include parents, boyfriends or girlfriends or anyone your are supporting, not just children.
Yes... it would mean the child no longer meets the definition of "qualified dependent".
No. You can only claim a person as a dependent if they are a qualified child or a qualified relative. Relative does not prohibit a person who is not related to you but it does require several factors to be met. Generally they must meet the requirements and you must have provided more than 50% of their support for the tax year.
As a dependent on another taxpayers income tax return you would not be qualified to claim the education benefits.
more qualified, most qualified