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Posted by Slain on April 5, 2007, 1:49 am
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I claimed my son as a dependent on this year's tax return.
he worked over the summer last year and earned about
$2500.00. He paid taxes and I think he can file for a return
on his taxes.
Can he file taxes even though he is a dependent? If Yes,
would it in anyway affect my tax return?
Thanks
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Posted by Frederick Lorca on April 9, 2007, 2:13 am
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> I claimed my son as a dependent on this year's tax return.
> He worked over the summer last year and earned about
> $2,500.00. He paid taxes and I think he can file for a return
> on his taxes.
>
> Can he file taxes even though he is a dependent? If yes,
> would it in anyway affect my tax return?
Yes, he can and should file and no, your return is not
affected in any way. Although it doesn't appear that he is
required to file, he can and should file to claim a refund
of any income tax withheld. He won't be eligible to claim
his own personal exemption but at his income level it won't
make any difference. If, in addition to his wages, he has
less than $300 of investment income, he is eligible for a
full refund all income tax withheld.
Encourage him to e-file his return through the IRS-sponsored
FreeFile program. There are numerous participating tax
software companies from which he can choose. I filed my
son's return using H & R Block FreeFile. The HRB online
filing website is nicely organized and user-friendly. If he
signs the return electronically, there is no paperwork
whatsoever to send to IRS. And if your son has a checking or
savings account, he can ask to have his refund direct
deposited, which usually takes about 10 days following IRS
acceptance of the return.
http://www.irs.gov/efile/article/0,,id=118986,00.html
Frederick Lorca
<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
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Posted by Phil Marti on April 9, 2007, 2:13 am
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> I claimed my son as a dependent on this year's tax return.
> he worked over the summer last year and earned about
> $2500.00. He paid taxes and I think he can file for a return
> on his taxes.
>
> Can he file taxes even though he is a dependent? If Yes,
> would it in anyway affect my tax return?
He files his own return indicating that he is a dependent.
He doesn't get a personal exemption, but he does get the
standard deduction as calculated for dependents. If that
was his only income he'll get a refund of everything
withheld for Federal income tax.
--
Phil Marti
Clarksburg, MD
<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>
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Posted by brownie on April 9, 2007, 2:13 am
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> I claimed my son as a dependent on this year's tax return.
> he worked over the summer last year and earned about
> $2500.00. He paid taxes and I think he can file for a return
> on his taxes.
>
> Can he file taxes even though he is a dependent? If Yes,
> would it in anyway affect my tax return?
Assuming your son qualified to be your dependent, yes he can
file a tax return to get back his withholding. His standard
deduction is his earned income (about $2500 per above) plus
$300 so he won't have a tax liability and will get all the
withheld taxes back. File a 1040-EZ. This won't affect your
return.
<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>
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Posted by A.G. Kalman on April 9, 2007, 2:32 am
Please log in for more thread options Slain wrote:
> I claimed my son as a dependent on this year's tax return.
> he worked over the summer last year and earned about
> $2500.00. He paid taxes and I think he can file for a return
> on his taxes.
>
> Can he file taxes even though he is a dependent? If Yes,
> would it in anyway affect my tax return?
He should file to obtain a refund of taxes withheld from his
pay. It does not impact your taxes. When he files he should
make sure that he does not claim his own personal exemption
as you have already claimed him as your dependent.
<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>
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