Who can I claim as a dependent? In order to claim someone as a dependent they have to meet certain criteria and qualifications. Find out who you can claim.
Filing tax returns each year can be a complicated process, especially when you start involving things like dependents to your tax form. You may be wondering, who can I claim as a dependent and how do I know who to claim and who not to claim? We hope to answer some of these questions today as we go over who you can and can't claim as a dependent on your taxes.
Let's go over the question, who can I claim as a dependent on your taxes. Dependents have to meet certain criteria in order to count as dependents to the IRS. And you don't want to claim someone as a dependent who doesn't qualify. So how do you know who can I claim as a dependent? Here's what you need to know.
The simple definition of what is a dependent is someone who is not the taxpayer who can be put on the taxpayer's tax return instead of their own. Usually, this is also someone who relies on the taxpayer financially. When you have dependent to take care of and claim, this could reduce the amount of tax liability on your income.
Financial support can include things like housing, food, clothing, medical expenses, health insurance, and other necessities of life. Usually this involves someone who might be related to you and probably lives under the same roof as you. Most often, someone who qualifies as a dependent will be referred to as a qualifying child or a qualifying relative if they are adult dependents.
The above dependent definition gives us a better idea about who a dependent is, but how do you figure out who qualifies as a dependent? When you have someone that financially depends on you in any way, go through the following qualifications for a dependent:
These are the basic qualifications for dependents to consider. There are more requirements when trying to claim a qualifying child or a qualifying relative, however.
When claiming a child, the dependent will need to meet the following criteria.
When claiming a relative, the dependent will need to meet the following criteria.
Below are a few commonly asked questions about who can I claim as a dependent on my tax return. Everyone's life situation is unique and consulting with a tax professional can help answer any questions about your own financial and tax situation.
There was a time when you could claim yourself as a dependent so long as you met the above requirements. But you wouldn't have been able to claim any other dependents under you if you claimed yourself as a dependent. So, if you had a qualifying child or relative living under your roof as a dependent, this option wouldn't have worked for you. This was often called a "personal exemption."
Now, you can no longer claim this personal exemption and claim yourself as a dependent on your tax return. The Tax Cuts and Jobs Act (TCJA) did away with these personal tax exemptions in 2017.
If you are the primary financial provider in your relationship, you might think that you can claim your spouse as a dependent. But unfortunately, you cannot claim a spouse as a dependent. Instead, the best you can do is claim a tax exemption for your spouse.
There was a time when a loophole existed that allowed some taxpayers to claim their spouses as a personal exemption, but this was also repealed by the Tax Cuts and Jobs Act (TCJA).
You actually can claim a girlfriend or boyfriend as a dependent so long as they meet certain requirements. Basically, they're going to be considered a qualifying relative, even though they aren't a relative. They just need to meet the following criteria:
To claim a child as a dependent, you and the child will need to meet the requirements already listed above. You can claim your adult child as a dependent if they are a full-time student and under 24 years old. After they are older than 24 years old, you will no longer be able to claim them as a dependent. If you claim your child who is a full-time student, you also still need to be providing more than half of their financial support. If they are a full-time student, under the age of 24, and you don't provide more than half of their financial support, then you cannot claim your adult child as a dependent on your tax return.
You can claim an adult child as a dependent indefinitely if they are permanently disabled in some way.
When should I stop claiming my child as a dependent? You should stop claiming your child as a dependent when they are older than 19 years old. If your child is a full-time student then you can claim them up until they are 24 years old so long as you are also providing more than half of their financial support as well.
When your children are still living at home, you can also claim the child tax credit.
Hopefully, this clears up some of the big questions around who can I claim as a dependent on my tax return so you can file your taxes as accurately as possible while still maximizing your tax refunds.
Payday Loans are also commonly referred to as Cash Advances, Payday Advances, Payday Advance Loans, and Fast Cash Loans. Check City does not usually utilize traditional credit checks as part of the payday loan approval process. However, Check City may, at its discretion, verify application information by using national consumer loan underwriting databases that may include information relating to previous cash advance transactions that Check City may take into consideration in the approval process. Actual loan amounts vary. See Rates and Fees for specific information and requirements. Products or services offered to customers may vary based on customer eligibility and applicable state or federal law. Some customers applying for payday loans or installment loans may be required to submit additional documentation due to state law and qualification criteria. CheckCity.com provides loan services in: Alabama, Alaska, California, Hawaii, Idaho, Kansas, Missouri, Nevada, Texas, Utah, Washington, Wisconsin, and Wyoming. Customer Notice: A single payday advance is typically for two to four weeks. However, borrowers often use these loans over a period of months, which can be expensive. Payday advances are not recommended as long-term financial solutions. Loan proceeds issued through our website are generally deposited via ACH for next business day delivery if approved by 8pm CT Mon. – Fri.
Check City acts as a credit services organization/credit access business (CSO/CAB) in Texas.
This is an invitation to send a loan application, not an offer to make a short term loan. This service does not constitute an offer or solicitation for payday loans in Arizona, Arkansas, Colorado, Georgia, Maryland, Massachusetts, New York, Pennsylvania, or West Virginia. Tosh of Utah, Inc. dba Check City Check Cashing, a payday lender, is licensed by the Virginia State Corporation Commission. License #PL-57 Anykind Check Cashing, LC. dba Check City, a payday lender, is licensed by the Virginia State Corporation Commission. License #PL-21 Maximum funded amount for payday loans or installment loans depends on qualification criteria and state law. See Rates and Terms for details. Utah Customers: For consumer questions or complaints regarding payday loans and/or title loans you may contact our Customer Service Department toll-free at (866) 258-4672. You may also contact our regulator The Utah Department of Financial Institutions at (801) 538-8830.
Please see Rates and Terms to check the availability of online loans in your state. Check City does not provide loan services in all states.