Readers ask: Do You Have Legal Dependents Other Than A Spouse?

What does Do you have dependents mean?

A dependent is a person who relies on someone else for financial support, and can include children or other relatives. Having a dependent entitles a taxpayer to claim a dependency exemption on their tax return, as long as the dependent meets the qualifying definition according to the Internal Revenue Service (IRS).

Has legal dependents meaning?

A dependent is someone who is sustained by another person, such as a child supported by his or her parents. In an insurance policy, the term legal dependent generally includes all of those people whom the insured person is under a legal duty to support, such as a spouse and minor children.

Do you have dependents other than your children?

A dependent is a person for whom you (the student) provide and will continue to provide more than half of his/her total support. If you have a child and that child is being supported by your parents or someone else, then you do not have a “dependent.”

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What is a legal dependent for fafsa?

Your legal dependents (other than your child or spouse) currently live with you AND; 2. They receive more than half of their financial support from you AND; You will continue to provide more than half of their financial support from July 1, 2019 through June 30, 2020 (for the 2019-2020 year.

Who is eligible to be a dependent?

The child has to have lived with you for at least half of the year. The child has to be related to you as a son, daughter, stepchild, foster child, brother, sister, stepbrother, stepsister, or a descendant of any of those. The child must be 18 or younger at the end of the year, or under 24 if a student.

How does the IRS define a dependent?

A dependent is a person other than the taxpayer or spouse who entitles the taxpayer to claim a dependency exemption. Each dependency exemption decreases income subject to tax by the exemption amount.

How old can you claim someone as a dependent?

To claim your child as your dependent, your child must meet either the qualifying child test or the qualifying relative test: To meet the qualifying child test, your child must be younger than you and either younger than 19 years old or be a “student” younger than 24 years old as of the end of the calendar year.

Are parents/legal dependents?

Your parent must first meet income requirements set by the Internal Revenue Service to be claimed as your dependent. To qualify as a dependent, Your parent must not have earned or received more than the gross income test limit for the tax year. This amount is determined by the IRS and may change from year to year.

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Who is Dependant family member?

‘Dependant’ Family Members include: parents (female employee can have either her parents or her parents-in -law as dependents), sisters, widowed sisters, widowed daughters, minor brothers and minor sister, children and step-children wholly dependent upon the Government Servant and are normally residing with the

What is the maximum income to qualify for financial aid 2020?

Currently, the FAFSA protects dependent student income up to $6,660. For parents, the allowance depends on the number of people in the household and the number of students in college. For 2019-2020, the income protection allowance for a married couple with two children in college is $25,400.

What are dependents?

Dependents are either a qualifying child or a qualifying relative of the taxpayer. Some examples of dependents include a child, stepchild, brother, sister, or parent. Individuals who qualify to be claimed as a dependent may be required to file a tax return if they meet the filing requirements.

What qualifies as a dependency override?

Students Who Are Eligible for a Dependency Override Dependency overrides often involve an involuntary dissolution of the family or situations in which it would be harmful for the student to have contact with their parents. Examples include incarceration or institutionalization of both parents, abuse and abandonment.

Is it better to be independent or dependent on FAFSA?

Your dependency status is one of the most important. When completing the FAFSA, independent student applicants generally receive much more financial aid than those who are considered dependents.

Is a spouse a dependent for FAFSA?

This is question 51 on the paper Free Application for Federal Student Aid (FAFSA®) form. Select “Yes” if other people (not your children or spouse) live with you. Select “No” if you don’t have dependents (other than your children or spouse).

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What does supported more than 50% mean?

If you are paying more than 50% of another person’s necessary living expenses, you financially support that person. Example 1: Sam recently lost their job, so they moved in with their friend Chris until they could get back on their feet.

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