Credits for other dependents ($500/parent dependent).

Forum|Forum|4 years ago
May 11, 2022
1 reply
8 views

TP provided more than half of the parents support and parents lived with TP for more than half of the year. However, parents have the following in 2021:
1. Parents had gross income of $4,300 or more,
2. Parents filed a joint return.

Can TP claim credits for other dependents of $1,000 on his return? I understand TP can claim dependent care credit (form 2441) even with the above items #1 and 2 as parents are qualifying persons for dependent care credit.

Please let me have your comments and thoughts on this. Thank you in advance for your time and assistance!

ProConnect Tax

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Best answer by TaxGuyBill

Parents still qualify as dependents even they have income over $4,300 combined or file a joint return (non claiming refund return) under the Dependent care expenses (form 2441) and medical expenses (Schedule A). These two exceptions are not available for credits for other dependents. Is my understanding from your comments correct?

Correct.

They are not dependents, but the rules for medical expenses and the Dependent Care Credit have some exceptions that allow things for a non-dependent.

T

TaxGuyBill

Level 15

@The Real Halloween wrote:

1. Parents had gross income of $4,300 or more,
2. Parents filed a joint return.

Can TP claim credits for other dependents of $1,000 on his return?

$4300 combined? Each? You aren't counting non-taxable Social Security, right?

Is the Joint return ONLY claiming a refund of withheld taxes?

T

The Real HalloweenAuthor

Level 6

@TaxGuyBill. Parents' gross income is more than $4,300 combined and parents are filing joint return not to claim refund of withholding taxes. Thanks again for your assistance.

T

TaxGuyBill

Level 15

They are not dependents.

The Joint return disqualifies it (unless it was only for a refund of withheld taxes).

And if either one of the had over $4300 that would also disqualify that person from being a dependent.

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