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Tax question

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MissJones
I need a nap!

Member since 5/05

22150 total posts

Name:

Tax question

How long can you claim your children on taxes? Someone told me she can no longer claim her kids as deductions but they are 5, 8, and 10. How is that?

Posted 3/4/14 7:08 PM
 
Long Island Weddings
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ANewDayHasCome
Love multiplies, not divides

Member since 11/12

14481 total posts

Name:
Me

Re: Tax question

Your child must be under age 19 or, if a full-time student, under age 24. There is no age limit if your child is permanently and totally disabled.

My parents claimed me through college.

Posted 3/4/14 7:16 PM
 

LSP2005
Bunny kisses are so cute!

Member since 5/05

19461 total posts

Name:
L

Re: Tax question

If your friend's income is hit by the AMT (alternative minimum tax) she would loose the personal exemption.

Posted 3/4/14 8:30 PM
 

MissJones
I need a nap!

Member since 5/05

22150 total posts

Name:

Tax question

OK. I was confused. I thought past high school too.

Posted 3/4/14 9:23 PM
 

Ian&EmmesMommy23
My family is complete!

Member since 11/08

12970 total posts

Name:
Diana

Tax question

the more money i'm making the less money i can deduct from my son. which IMO is ridiculous. i also found out i'm phased out of claiming my student loans...which is another story. lol

Posted 3/5/14 4:09 PM
 
 

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