Save me some time with my Tax Prep?

[jon-nyc]

if he lived with you and didn't provide half his own support you're good.

Walmart probably took taxes out - he may want to file a return to get a refund. I don't know if he has to or not.

Turbotax has really good help pages for this stuff.

[Aqua Letifer]

@jon-nyc said in Save me some time with my Tax Prep?:

Turbotax has really good help pages for this stuff.

[Rich]

@lufins-dad No, just make sure he doesn’t file as head of household, lol.

I’ve had to educate my kids on how to file...They see the bigger number they could get back if they claim themselves and get all jazzed.

[Jolly]

He made more than $4300, so Luke may not qualify as a dependent. He also probably has to file.

As has been said, seek professional help.

[LuFins Dad]

@jon-nyc said in Save me some time with my Tax Prep?:

if he lived with you and didn't provide half his own support you're good.

Walmart probably took taxes out - he may want to file a return to get a refund. I don't know if he has to or not.

Turbotax has really good help pages for this stuff.

And how do you figure out “half his support”?

[jon-nyc]

It just has to be defensible in the unlikely event of a challenge. 1/4 of your household expenses surely exceed 7500. you're good.

[jon-nyc]

Here's a good page.

https://turbotax.intuit.com/tax-tips/family/tax-filing-requirements-for-children/L8ice6z0K

[Mik]

@lufins-dad Seriously... do the research. Jon is right but only because he is 16. Next year he may not be what they call a Qualfying Child. You need to understand these things thoroughly.

[Loki]

My accountant in the past said not to worry.

[Aqua Letifer]

@loki said in Save me some time with my Tax Prep?:

My accountant in the past said not to worry.

Bernard Black's accountant said the same thing.

(Joke for @Doctor-Phibes.)

[Doctor Phibes]

@aqua-letifer said in Save me some time with my Tax Prep?:

@loki said in Save me some time with my Tax Prep?:

My accountant in the past said not to worry.

Bernard Black's accountant said the same thing.

(Joke for @Doctor-Phibes.)

I've never watched it - I keep meaning to, as I like Bill Bailey.

[taiwan_girl]

@mik said in Save me some time with my Tax Prep?:

Jon is right but only because he is 16

I always thought @jon-nyc was older than that. I guess he is just wise past his age. 5555

[LuFins Dad]

@mik said in Save me some time with my Tax Prep?:

@lufins-dad Seriously... do the research. Jon is right but only because he is 16. Next year he may not be what they call a Qualfying Child. You need to understand these things thoroughly.

Uhhhhmmm, 18...

[89th]

So, is Luke dependent on you and without you would he be homeless? #TNCRtaxadvice

[Doctor Phibes]

LD, we've got the same issue, as my son is 19 and working part-time for the first time.

I'll be plugging him into the tax software to see what happens, and checking online. Admittedly, my taxes are probably more straightforward than yours as I'm a regular 9-5'er.

[Mik]

@lufins-dad said in Save me some time with my Tax Prep?:

@mik said in Save me some time with my Tax Prep?:

@lufins-dad Seriously... do the research. Jon is right but only because he is 16. Next year he may not be what they call a Qualifying Child. You need to understand these things thoroughly.

Uhhhhmmm, 18...

When does he turn 19? In whatever year that is he will have to be a full time student up until age 24.

[Doctor Phibes]

@mik said in Save me some time with my Tax Prep?:

@lufins-dad said in Save me some time with my Tax Prep?:

@mik said in Save me some time with my Tax Prep?:

@lufins-dad Seriously... do the research. Jon is right but only because he is 16. Next year he may not be what they call a Qualifying Child. You need to understand these things thoroughly.

Uhhhhmmm, 18...

When does he turn 19? In whatever year that is he will have to be a full time student up until age 24.

Bugger.

[Loki]

Oops looks like the laws changed

[LuFins Dad]

@mik said in Save me some time with my Tax Prep?:

@lufins-dad said in Save me some time with my Tax Prep?:

@mik said in Save me some time with my Tax Prep?:

@lufins-dad Seriously... do the research. Jon is right but only because he is 16. Next year he may not be what they call a Qualifying Child. You need to understand these things thoroughly.

Uhhhhmmm, 18...

When does he turn 19? In whatever year that is he will have to be a full time student up until age 24.

Next year...My big question was really all about the “half the support”. That is a very nebulous benchmark.

[Mik]

Do you charge him room and board? If not then his income is discretionary.