Full question:
I have a 21 yr old daughter how has 1 year to go in college. My court order for support has educational coverage's well as child support but the child support has not stated end date. I have 2 other younger children (1 in college, 1 in HS) I would like to remove my 21 yr old child from the child support order and continue the educational support. From the code I've read this sounds correct but I haven't seen this exact situation explained. Assuming I can modify my support order as described does that have any bearing on the her being able to be claimed as a dependent for tax purposes. The order is clear on who can claim as a dependent but I'm unsure if removing her from the child support calculation has any bearing on her status as a dependent. Please confirm if this my understanding is correct and if she is removed from the child support order can she still be claimed as a dependent.
- Category: Taxes
- Date:
- State: Indiana
Answer:
The Internal Revenue Service (IRS) allows an individual to take a tax deduction for each qualifying child or other relative he/she supports. The IRS has very specific definitions of who qualifies as a dependent for tax purposes. A person can claim one deduction for each dependent he/she has. A dependent must not have provided more than half of her own support for the year .
Please see the qualifying child information at the following link to determine applicability:
http://www.irs.gov/pub/irs-pdf/p501.pdf
This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.
