02.06.2014
As the tax season continues, we want to be sure that all of our clients have ample information on the requirements for filing dependents for the 2014 tax year! Here are some guide line/rules to the requirements of filing for most dependents from the IRS!
IRS Tips
Your child must have a Social Security Number that is valid for employment and must pass all of the following tests to be your qualifying child for EITC:
Relationship
Your son, daughter, adopted child1, stepchild, foster child2 or a descendent of any of them such as your grandchild
Brother, sister, half brother, half sister, step brother, step sister or a descendant of any of them such as a niece or nephew
Age
At the end of the filing year, your child was younger than you (or your spouse if you file a joint return) and younger than 19
At the end of the filing year, your child was younger than you (or your spouse if you file a joint return) younger than 24 and a full-time student
At the end of the filing year, your child was any age and permanently and totally disabled3
Residency
Child must live with you (or your spouse if you file a joint return) in the United States4 for more than half of the year
Joint Return
The child cannot file a joint return for the tax year unless the child and the child's spouse did not have a separate filing requirement and filed the joint return only to claim a refund.
IMPORTANT: Only one person can claim the same child. If a child qualifies for more than one person and one of the persons is a parent or parents, the non-parent can claim the child only if theirAGI is higher than the parent(s). If the child qualifies another relative and the parent AGI rules do not apply, the taxpayers choose. If more than one person claims the same child, IRS applies the tiebreaker rules.
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IRS Tips
Your child must have a Social Security Number that is valid for employment and must pass all of the following tests to be your qualifying child for EITC:
Relationship
Your son, daughter, adopted child1, stepchild, foster child2 or a descendent of any of them such as your grandchild
Brother, sister, half brother, half sister, step brother, step sister or a descendant of any of them such as a niece or nephew
Age
At the end of the filing year, your child was younger than you (or your spouse if you file a joint return) and younger than 19
At the end of the filing year, your child was younger than you (or your spouse if you file a joint return) younger than 24 and a full-time student
At the end of the filing year, your child was any age and permanently and totally disabled3
Residency
Child must live with you (or your spouse if you file a joint return) in the United States4 for more than half of the year
Joint Return
The child cannot file a joint return for the tax year unless the child and the child's spouse did not have a separate filing requirement and filed the joint return only to claim a refund.
IMPORTANT: Only one person can claim the same child. If a child qualifies for more than one person and one of the persons is a parent or parents, the non-parent can claim the child only if theirAGI is higher than the parent(s). If the child qualifies another relative and the parent AGI rules do not apply, the taxpayers choose. If more than one person claims the same child, IRS applies the tiebreaker rules.
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For any other questions on dependent information, please join us on our website at BetterRefundIncometax.com!
-Better Refund
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