Dependent Child

Question: How can I sponsor my dependent child who has born outside Canada? I am a permanent resident of Canada. I am living out side Canada for the time being. How can I sponsor my dependent child who is born outside Canada?

Answer: You need to live in Canada & then send sponsorship papers for him/her to get the Canadian visa (as dependent of Permanent Resident of Canada).

Question: I wrote an incorrect Social Secure Number for my dependent child. How Can I fix it? I made a mistake in my Tax RetuI wrote an incorrect Social Secure Number for my dependent child. How Can I fix it? I already receive my Tax Rebate but not for my child.

Answer: Don't file an amended return. Rather, call the IRS and they should be able to fix it on the spot. Be prepared to give the child's correct SSN, date of birth, and legal name. If any additional refund is due because of this, it will come in 2-4 weeks. Unfortunately, you won't be able to receive the rebate this year but you will be able to take it as a credit next year.

Question: Are my dependent child's social security benefits reduced if I work? I have not reached Full Retirement Age (FRA). If I earn more than the annual limit, will my dependent child's benefit be reduced, and, if so, by how much?

Answer: http://www.ssa.gov/includes/topiclist.ht… go to this link and see if your answer maybe there under the FAQ, or you can call them direct if you cant find. you can even type in your question if you cannot find a answer and will direct you to the answer. good luck

Question: How do you include a dependent child's income in your income tax return and what arew the limitations? Dependent Child's age - 21 . Full time Student.

Answer: You do not need to claim the childs income on your taxes. You can claim the child as a dependent until age 24 as long as the child is a full time student even if they are living away from home, dorm, etc. The child can file their own tax return but not claim themselves on the return to get back their withholding.

Question: Can I Claim a Dependent Child currently in State Custody? Here's a complicated one. My daughter on the last day of Jan 2006, ran away from home. She said she didn't want to come home, so the State decided to keep her (no abuse, she just didn't want to come home). She's since been diagnosed as bipolar and is receiving treatment. She turned 17 in February 07. My wife and I pay child support to the state. So the question is... How do I treat this? Having only been in the home a month in 2006, Is she a dependent I can claim? We pay the state child support. If I can't claim her as a dependent, can I claim the child support payments? If I can claim the payments, does that include payments charged against me in 2006 or only what's been paid in 2006? It took them six months to set up the payments, so now we have back support to pay as well. Thanks to anyone who can help. She is not in state custody for mental treatment, only that she's getting it in the form of regular therapy and medication while she's there. The state is going to hold her until she is 18 and out of high school. At that time, I expect her to return home at least for a while until she figures out what she's going to do when she grows up. Thanks to everyone whose answered so far, hope this helps clarify things a little. Forgot to mention. I believe I'm paying more than all the support, but I wouldn't have a clue where to go to find out. In this state, support is figured out per a scale that factors gross salary, benefits, etc.. It's not figured on actual costs per child. The court enforces it, but is not allowed to set the amount. Due to my salary, I believe I am in the category of giving more than my share to help make up for those that can't, but that's just personal opinion based on no facts I can find, and opinions are like belly buttons.

Answer: You may claim the child as a dependent if the child is temporarily absent from the household and it is reasonable to assume that the child will return to the household, and the household or a substantially equivalent household is maintained in anticipation of the absent child's return. Examples of temporary absences include absence due to imprisonment, illness, business, vacation, military service, or education. You would not be permitted to take any deduction for the care unless you could make a case that it is "medical treatment". You might take a look at the order requiring you to make the payments.

Question: How do I claim a dependency exemption for my dependent child under Age 17. I am married filing jointly? I could not find find dependency exemption in the form 1040ez. I want to claim exemption for my dependent child under Age 17. What amount of exemption will I get?

Answer: You can't claim dependents on a 1040EZ. You'll have to file a 1040A, or a 1040 if you itemize. You'll get a $3300 exemption for your child, plus if you owe taxes, you'll get a child tax credit that will wipe out up to $1000 of your total tax.

Question: Can a foreigner employed in the US claim a dependent child who is not American and lives abroad? I am a foreigner who has lived and worked in the US for years now (H-1B immigration status). I have a child who lives in my home country and whom I support. Can I claim her as a dependent in my US income tax?

Answer: Only if they live in MEXICO or CANADA if they live in these two countries you will need to get them an ITIN # from IRS. Visit my website. more info http://myitax1040.com

Question: Dependent child to be covered by parents Health Insurance? Are parents required to claim college student child as a dependent on their taxes for the child to be considered a dependent for the parent's health insurance coverage? Parents in Chapter 13 and refunds over $1500 go to Trustee. Can Child (living at home) claim herself on federal/state taxes and still qualify as a dependent for parents health insurance?

Answer: healthquotes.awardspace.info - here is my health insurance plan. As I remember they can provide such a service.

Question: Can I get a discount on child support paid when taking care of another dependent child? Okay I am a non-custodial parent who pays $750.00 a month for two minor children to their mother which is the custodial parent. We both have joint legal custody and I have visitation. I have a new girlfriend who I reside with who does not have any income. We have a child together which I am taking care of. The $750.00 a month that I pay for my other kid’s parent does not include a credit for me talking care of the dependent child that lives with me that me and my girlfriend have. I know I can get a discount on the child support that I am paying now because I am taking care of a child from another relationship but does anybody know how much of a difference I could pay. I live in the state of Virginia. Thanks

Answer: I have never heard of this and would be shocked if it were true. You don't get discounts because you keep having more children. No offense, but maybe it's time for a vasectomy. You may get a discount on that!

Question: Will I still get $1000 back for a dependent child eventhough I only made $600 this year? I am a single mom and was homeless most of the year. I also did odd babysitting jobs that I did not report. Will I still qualify for money for a dependent child, that credit they give to poor families or the hope fund? That's not correct Tro, because I know people who get more back than they pay in. That happened to us last year. I only made 9 grand and got 3 back

Answer: No you won't get $1000, although you should be eligible for something for EIC, maybe $200-300. You do know that if you don't report the babysitting, you are committing tax evasion? And silly as this sounds, you'd very likely get enough more in EIC if you DID report it to pay the tax and still have some extra. In any case, good luck - sounds like you could use some.

Question: what is the age limit for a child to be considered as qualified dependent in filing for addtl. exemption? If you have a child who is 21 and not gainfully employed ( still in college ) can he be considered as a qualified dependent child when i file for my annual tax return?

Answer: If he's under 24 and a FULL TIME student during some part of at least 5 months of the year, and meets all the other rules to be a qualifying child, then yes you can claim him. Since he's over 16 though you don't get a child tax credit for him.

Question: Can I qualify for HOH by claiming my daughter as a non-dependent child and her mother still claim her as depen? Can I qualify for HOH by claiming my daughter as a non-dependent child and her mother still claim her as dependent? We keep her equal nights and normally alternate claiming our daughter as a dependent.

Answer: Nothing in your post states who had the child for the most nights. You can't possibly have had the child for the same number of nights--2009 has 365 nights. (And in leap years, you use 184 as the minimum.) So, who exactly is the custodial parent?

Question: I need help with a new w4 Form I . I am filing married NOT head of household with one dependent child.? I need help with a new w4 Form I . I am filing married NOT head of household with one dependent child. What number should I have..I want money back at the end of each year...Thanks!!! I filed with a 3 now should I change this..And will I have to owe money filing a 3 now on my W4?

Answer: The number of allowances that you are allowed to claim depends on additional factors your question doesn't list - age of child and your income, deductions, adjustments, and credits - these can qualify you to take additional allowances. There are worksheets with the W-4 to calculate these. You start with one for each person who will be on your tax return for an exemption, so you should be safe claiming 3. If your spouse works, or if you have significant income in addition to your job, you might have to claim fewer exemptions to be sure you don't have to pay at tax time.

Question: How Much Tax Refund for Dependent Child? How much money do you get back on an IRS tax refund for a dependent child?

Answer: From what I've researched, it sort of depends on your income for the year. I didn't make very much due to lay-off from work... I got $778 for one dependent child. But I also qualified for EIC, so I don't know if that had any impact on the dependent child amount.

Question: How do I claim exemption of $16900 for married filing jointly plus for dependent child $3300+$1000? I want to take exemption for both married file jointly ($16900) and for dependent child under age 17 ($3300+$1000). What form should I fill and where do I find these exemptions on the form?

Answer: You can file a 1040 or a 1040A - the 1040A is simpler. You can't claim a dependent on a 1040-EZ. On the 1040A you'll check filing joint, then check yourself and your spouse for exemptions on lines 6a and 6b. Under that you'll write your child's name and social security number, and show you are taking an exemption for the child, and check the box for child tax credit. When you get to line 24 for standard deduction, enter 10,300, and enter 9900 on line 26 for the three exemptions. Follow the directions for each line.

Question: How Can I Claim Child Dependent Care Expenses? I hope to get good answers this time. I am undergoing divorce and my "soon to be ex" claimed our child as dependent. Part of my income is child dependent care reimbursement. How can I claim as an expense the child dependent care expenses I pay to my child' school ? Can I also claim the monthly "allowance" I give my "soon to be ex" as an expense? My tax preparer said the worst filing status is MARRIED FILING SEPARATELY and that there is nothing I can do about it. Any suggestion is welcome at this point as $5K of taxes is no joke to pay.

Answer: The bizarre part about this is that you actually have a professional tax preparer, yet you're asking this question to a bunch of random strangers. How about you ask the pro?

Question: How old is a dependent child? how old is a dependent child is the state of Maryland? my sister is 18 years old but people say she isnt a dependent child anymore, so the documents that she was about to apply to MVA cannot work can someone give a range of the dependent child? ex.1~10

Answer: A dependent child is up to 18 years old. Your sister can remain a dependent though after the age of 18 if you supply the majority of her support. For example, if she were in school and lived with you and you took care of her, she could be claimed as a dependent on taxes. However, since she is over 18, and considered a "legal adult" the MVA documents probably need to be updated.

Question: How much can dependent child make in regards to income tax? My child had a job in 2007. I dont know how much the IRS will allow them to make before I have to claim it on taxes. PLEASE advise! Thanks If they are a full time student and made less than $3,000.00 can I claim them on taxes? Thanks for the help. I plan on paying for CPA, I just want to be prepaired!

Answer: You don't claim your child's income on your tax return. They can file their own. If their earned income was less than $5,350, they don't have to file a return, but it would be very beneficial to them to do it anyways as they will be getting all the taxes they paid in back to them as a refund. If your child lived with you at least 6 months of the year, did not support themselves more than 50%, and is under the age of 19 (24 if a full time student) you can still claim them as a dependent.

Question: Is it illegal to kick a dependent child off of a parent's health insurance in the state of Washington? I am trying to find this information for my girlfriend; she's currently a student, so she's still a dependent. I'm almost positive that this can't be done, but I don't know where to find information that explicitly states this. Any help would be much appreciated.

Answer: If you are over 18, being a student has nothing to do with it. Continuous insurance coverage for full time students is an option, not a right. After 18, you are no longer a dependent unless you are handicapped, and it has been determined by the courts.

Question: What type of custodial investment account is the best for a dependent child? I am considering setting up a custodial stock account for my 2 year old. I'm seriously considering DRIP type investment. What type of account is most beneficial in terms of tax benefits, for both parents and children? Is it better to own a separate DRIP account until the child reaches the adult age and then gift them the account or use it to pay for the education? Thanks

Answer: Keep the money in your name. I would avoid opening a UGMA or UTMA account, when your child reaches legal age (18 or 21) they can go pull the money out and spend it on anything they desire. We all hope our kids will grow up and be responsible but you never know. If You want to save for college. I would suggest opening a 529 college savings plan. These accounts allow the money invested to grow in mutual funds on a tax favored basis. No capital gains taxes, if the money is used for higher education it remains tax free. The account would be in your name with the child as a beneficiary. One nice thing is that once your child turns 18 the account still stays under you control. If your child wins a scholarship you will be able to withdraw money from the 529 equal to the scholarship penalty free and you would just pay taxes. If you remove the money from the 529 for non qualified expenses you would pay taxes and a 10% IRS penalty. If your child never goes to college you can change the beneficiary even to yourself. These accounts don't have much of a downside. I would recommend you checking out the 529 offered by The American Funds or the plan offered by your state. I also highly recommend reading The Truth About Money by Ric Edelman I would also recommend mutual finds over individual stocks. Mutual funds allow the small investor to have a diversified portfolio with professional money management. Without being a professional investor it is hard to beat a good mutual fund.