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| *Loan,banking and credit>>>child tax |
Tax deductions- adult children? |
My two sons (20 and 21) are still living at home. Each earned a little over $3500 last year. I provided 99% of their upkeep including room and board during 2006. Can I claim them on my tax as a deduction? If they are students, yes. If not, no. I dont know. Id say its time to kick them out. I left my parents house at 18 right after high school. You need to get them out I believe if theyre still in school then your ok to claim them, if not i dont know what the age limit is. If they are full-time students and you are providing at least half of their tuition, yes. If not, no. If they are full time students, or mentally / physically disabled, yes. If not, they do not qualify as dependents according to the IRS. http://www.irs.gov No, unless they are full time collage students. As long as they are full-time students, they can be still claimed as your dependent for EIC purposes. If not, you can claim the exemption for them but they won't qualify you for EIC. |
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