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Question about difficult child's living in temporary housing
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<blockquote data-quote="Signorina" data-source="post: 474720"><p>Nancy, it's likely that she is a "qualifying relative" for dependent status. (not a qualifying child") </p><p></p><p style="text-align: left"><span style="color: #000000"><span style="font-family: 'Arial'"><em>A "qualifying relative." If your adult child is not a "qualifying child" under IRS rules, he or she nevertheless may be a "qualifying relative." An adult child for this purpose can be any age, not being restricted to the age 24 cutoff in the case of a "qualifying child."</em></span></span></p> <p style="text-align: left"><span style="color: #000000"><span style="font-family: 'Arial'"><em></em></span></span></p> <p style="text-align: left"><span style="color: #000000"><span style="font-family: 'Arial'"><em></em><em>Ancillary benefits. Once you can claim an adult child as a dependent, certain additional tax benefits can result. In addition to write-offs for tuition payments, you may be able to claim head of household filing status if you are a single parent; and an itemized deduction for your child's medical and dental expenses.</em></span></span><span style="color: #000000"><span style="font-family: 'Arial'"><em>The main obstacle to qualifying an adult child as a "relative" not found under the "qualifying child" test is that your son or daughter must not have had income in excess of $3,650 for the entire tax year. For those only recently unemployed, or willing to work a part-time job in the interim, or who have some investment interest coming in, this might prove a difficult ceiling to stay below for an entire calendar tax year.</em></span></span><span style="color: #000000"><span style="font-family: 'Arial'"><em><strong>One major advantage for many parents of using the "qualifying relative" test is that the adult child does not need to move in!</strong> You only need to provide more than half of his or her support; living under the same roof is not required. This provides great flexibility in helping out an adult child located in another city or town, or even in the same general area, who is going through a difficult time of unemployment.</em></span></span></p> <p style="text-align: left"><span style="color: #000000"><span style="font-family: 'Arial'"><em></em></span></span></p> <p style="text-align: left"><span style="color: #000000"><span style="font-family: 'Arial'"><em></em><span style="font-size: 12px">Code: from the IRS</span></span></span><span style="color: #000000"><span style="font-family: 'arial'"><strong><span style="font-size: 12px">Definition of a 'qualifying child' and 'qualifying relative'</span></strong></span></span></p> <p style="text-align: left"><span style="color: #000000"><span style="font-family: 'arial'"></span></span></p> <p style="text-align: left"><span style="color: #000000"><span style="font-family: 'arial'"></span></span><a href="http://www.irs.gov/irb/2008-02_IRB/ar14.html" target="_blank">http://www.irs.gov/irb/2008-02_IRB/ar14.html</a><span style="color: #000000"><span style="font-family: 'arial'"></span></span></p> <p style="text-align: left"><span style="color: #000000"><span style="font-family: 'arial'"></span></span></p> <p style="text-align: left"><span style="color: #000000"><span style="font-family: 'arial'"></span></span></p> <p style="text-align: left"><span style="color: #000000"><span style="font-family: 'arial'"><span style="font-size: 12px">Section 152(c)(1) defines a 'qualifying child' of a taxpayer as an individual who: (A) bears a certain relationship to the taxpayer, (B) has the same principal place of abode as the taxpayer for more than one-half of the taxable year, (C) meets certain age requirements, and (D) has not provided over one-half of his or her own support for the calendar year.</span></span></span></p> <p style="text-align: left"><span style="color: #000000"><span style="font-family: 'arial'"><span style="font-size: 12px"></span></span></span><span style="color: #000000"><span style="font-family: 'arial'"><span style="font-size: 12px"></span></span></span></p> <p style="text-align: left"><span style="color: #000000"><span style="font-family: 'arial'"><span style="font-size: 12px">Section 152(d)(1) provides, in part, that to be a 'qualifying relative' of a taxpayer, an individual must: (A) bear a certain relationship to the taxpayer, (B) have gross income for the calendar year that is less than the exemption amount (as defined in section 151(d)), and <strong>(C) derive over one-half of his or her support for the calendar year from the taxpayer</strong>. In addition, section 152(d)(1)(D) requires that the individual not be a qualifying child of the taxpayer or of 'any other taxpayer' for the taxable year. Section 152(d)(2)(H) provides that a qualifying relative may include an individual who has the same principal place of abode as the taxpayer and who is a member of the taxpayer's household.</span></span></span></p></blockquote><p></p>
[QUOTE="Signorina, post: 474720"] Nancy, it's likely that she is a "qualifying relative" for dependent status. (not a qualifying child") [LEFT][COLOR=#000000][FONT=Arial][I]A "qualifying relative." If your adult child is not a "qualifying child" under IRS rules, he or she nevertheless may be a "qualifying relative." An adult child for this purpose can be any age, not being restricted to the age 24 cutoff in the case of a "qualifying child." [/I][I]Ancillary benefits. Once you can claim an adult child as a dependent, certain additional tax benefits can result. In addition to write-offs for tuition payments, you may be able to claim head of household filing status if you are a single parent; and an itemized deduction for your child's medical and dental expenses.[/I][/FONT][/COLOR][COLOR=#000000][FONT=Arial][I]The main obstacle to qualifying an adult child as a "relative" not found under the "qualifying child" test is that your son or daughter must not have had income in excess of $3,650 for the entire tax year. For those only recently unemployed, or willing to work a part-time job in the interim, or who have some investment interest coming in, this might prove a difficult ceiling to stay below for an entire calendar tax year.[/I][/FONT][/COLOR][COLOR=#000000][FONT=Arial][I][B]One major advantage for many parents of using the "qualifying relative" test is that the adult child does not need to move in![/B] You only need to provide more than half of his or her support; living under the same roof is not required. This provides great flexibility in helping out an adult child located in another city or town, or even in the same general area, who is going through a difficult time of unemployment. [/I][SIZE=3]Code: from the IRS[/SIZE][/FONT][/COLOR][COLOR=#000000][FONT=arial][B][SIZE=3]Definition of a 'qualifying child' and 'qualifying relative'[/SIZE][/B] [/FONT][/COLOR][URL]http://www.irs.gov/irb/2008-02_IRB/ar14.html[/URL][COLOR=#000000][FONT=arial] [/FONT][/COLOR] [COLOR=#000000][FONT=arial][SIZE=3]Section 152(c)(1) defines a 'qualifying child' of a taxpayer as an individual who: (A) bears a certain relationship to the taxpayer, (B) has the same principal place of abode as the taxpayer for more than one-half of the taxable year, (C) meets certain age requirements, and (D) has not provided over one-half of his or her own support for the calendar year. [/SIZE][/FONT][/COLOR][COLOR=#000000][FONT=arial][SIZE=3] Section 152(d)(1) provides, in part, that to be a 'qualifying relative' of a taxpayer, an individual must: (A) bear a certain relationship to the taxpayer, (B) have gross income for the calendar year that is less than the exemption amount (as defined in section 151(d)), and [B](C) derive over one-half of his or her support for the calendar year from the taxpayer[/B]. In addition, section 152(d)(1)(D) requires that the individual not be a qualifying child of the taxpayer or of 'any other taxpayer' for the taxable year. Section 152(d)(2)(H) provides that a qualifying relative may include an individual who has the same principal place of abode as the taxpayer and who is a member of the taxpayer's household.[/SIZE][/FONT][/COLOR][/LEFT] [/QUOTE]
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