Can I claim my 26-year old daughter as a dependent

This article part of our 2017 Tax Season FAQ Series – If you have a question submit it to FAQ@rmfcpallc.com, and it may become part of a future post.

The answer is going to most likely come down to where the child lives and how much money they earn during the year.

The age excludes the child from meeting IRS “Qualifying Child” eligibility, so the determination comes down to whether or not they qualify as a qualifying relative. If the child lives with you and you provide at least 1/2 of his support, you can claim an exemption if the child earned less than $4050 in 2016. If they earned more than that, the exemption is not allowed.

Check back here for many more answers to your tax questions. Or call our office (717) 337-1414 to schedule an appointment with one of our CPA’s to help you prepare your tax return and maximize your benefits.