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Hi sean, For 2009 the dependents rules are the same except the $3500 rule is now $3650. To get an estimate of your 2009 refund, check out TurboTax's TaxCaster...it estimates your taxes for 2009. Be sure to enter your total income expected for 2009 and your federal withholding total for the year. You can run the estimator with or without a dependent to see the difference. Click on the family icon to enter the dependent number. Best wishes on your wedding...
http://turbotax.intuit.com/tax-tools/calculators/taxcaster/index.jsp
Can I Claim my Girlfriend as a Dependent?
This is one of the top questions we are seeing on TurboTax’s Live Community. Here’s the answer. If your girlfriend has lived with you for all of 2008, her gross income is less than $3,500, and you’ve provided more than half of her total support, you could claim her as a dependent on your tax r...
Hi tanya, Good question. If both of your names are on the car, only one of you can take the car sales tax deduction on your tax return. If only your father's name is on the registration/purchase of the car, only he can take the deduction. Hope this info was helpful.
How Much Money Can the New Stimulus Act Save One Family in 2009
After President Obama signed the new stimulus act into law Feb. 17, a long-time friend, Brian, called me. He wanted to know, “What’s the maximum I can get out of those new tax breaks on my 2009 tax return?” (He’s always been a tad aggressive on his tax returns. I warn him that he needs to be ca...
Hello to David, Yes I can understand your frustration however I'm hoping you haven't torn up the paper yet. You need to send an "official" copy of your Home of Record as Michigan as a response to CA FTB's letter. CA FTB tends to be aggressive and won't just go away. Also if you've filed returns with Michigan, send CA FTB copies of those returns. Hope this info is helpful...
I’m in the military. Do I need to file a state return?
This question is popping up in Live Community from our military TurboTax customers. For 20 years I was a Navy wife, so I volunteered to try to answer the question. To figure out which state return an active duty military person files depends (in military terms) on their “home of record” or “sta...
Hello to A. Barham, Sorry but you can't deduct any education costs (as a deduction or credit) that you are paying for your grandchild unless she was a dependent on your tax return.
Who Counts as Your Dependent /Tax Deduction? You Might Be Surprised
Tax season is when we look at our family and friends in a different – and tax-deductible – light. Can I count my sister-in-law as a dependent? How about my live-in girlfriend and her unemployed brother? What about my golden retriever? Believe it or not, the IRS code tells us that any of ...
Hello Margaret, Your question isn't simple. :) First your "gross income" must be less than $3,500. That "gross income" does not include social security that is not taxable. So if your taxable pension and other taxable income , not including your social security, is more than $3500, then your son cannot take you as a dependent.
If your income is less than $3500, you need to check out the IRS worksheets. Here's the link: http://www.irs.gov/pub/irs-pdf/p17.pdf. Scroll down to page 33 for more info. YOu'll see that if you live in your own home, the fair rental value of your home is considered support that you contribute to yourself. There's a good worksheet there to figure out your total support and how much is contributed by your son.
If it should workout that your son can take you as a dependent and if you need to file a return, you won't get your own exemption deduction (3650 for 2009). (you don't need to file unless your "gross income" is at least $10,300.
Who Counts as Your Dependent /Tax Deduction? You Might Be Surprised
Tax season is when we look at our family and friends in a different – and tax-deductible – light. Can I count my sister-in-law as a dependent? How about my live-in girlfriend and her unemployed brother? What about my golden retriever? Believe it or not, the IRS code tells us that any of ...
Hello to Barbara, Sorry but you can't claim your son's tuition for a tuition deduction or education credit lifetime / hope) since you aren't claiming him as a dependent. However, he can take the deduction/credit even tho' you pay for it.
Who Counts as Your Dependent /Tax Deduction? You Might Be Surprised
Tax season is when we look at our family and friends in a different – and tax-deductible – light. Can I count my sister-in-law as a dependent? How about my live-in girlfriend and her unemployed brother? What about my golden retriever? Believe it or not, the IRS code tells us that any of ...
Hello to T.Olsen, Good questions. I'm not in position to give you tax advice for a specific situation. However I did find questions/answers on the IRS site that may answer your questions. Check out http://www.irs.gov/newsroom/article/0,,id=206291,00.html
Q. If a person does not actually make the payments on a home that’s their primary residence, but the deed and mortgage documents are in their name, can they be considered a first-time home buyer?
A. Yes. If a taxpayer purchases a home to be used as a primary residence from an unrelated person and has not owned a home within the previous 36 months, the taxpayer is eligible for the first-time homebuyer credit regardless of who makes the mortgage payment. (05/06/09)
Q. I don’t owe taxes and/or my income is exempt from tax and I do not have a filing requirement. Do I qualify for the credit?
A. The credit is fully refundable and, if you qualify as a first-time homebuyer, having tax-exempt income will not preclude eligibility. Although there are maximum income limits for qualifying first-time homebuyers, there are no minimum income criteria. Thus, someone with no taxable income who qualifies as a first-time homebuyer may file for the sole purpose of claiming the credit for a refund.
ALSO check out http://www.irs.gov/newsroom/article/0,,id=206294,00.html
S2. Taxpayer A is a single first-time home buyer. Taxpayer B (parent) cosigns for A and does not qualify. Both names are on the mortgage. Can Taxpayer A claim the credit and, if so, how much?
A. Yes. Taxpayer B is not a first-time homebuyer and cannot claim any portion of the credit, but A may claim the entire credit ($7,500 for purchase in 2008; $8,000 for purchase in 2009), if the home was purchased as Taxpayer A's primary residence.
Hope this info is helpful
Two Unmarried People Purchase a Home -- Who Gets the New $8,000 Homebuyer Credit?
It’s all over the news. If you buy a home between January 1, 2009 and December 1, 2009, you could qualify for a big tax credit. It’s worth as much as $8,000 or 10 % of your home purchase price, whichever is less. To be eligible, you can’t have owned a principal residence during the three year...
Hello to Cheryl, Sorry but you can't take your dogs as dependents on your tax return.
Can I Claim my Girlfriend as a Dependent?
This is one of the top questions we are seeing on TurboTax’s Live Community. Here’s the answer. If your girlfriend has lived with you for all of 2008, her gross income is less than $3,500, and you’ve provided more than half of her total support, you could claim her as a dependent on your tax r...
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