Your Ask Joey ™ Answer

What are the requirements to claim a qualifying child as a dependent?

There are really four different requirements that the child must meet in order to qualify as a dependent. The four requirements include the relationship test, age test, principal residence test, and self-supporting test:

1) Relationship test: In order for a taxpayer to claim a child as a dependent, the taxpayer must have a specific relationship with the child. The child must be either the taxpayer’s son, daughter, stepson, stepdaughter, brother, sister, stepbrother, stepsister, or a descendent of any of the above mentioned.

2) Age test: The age test is one of the requirements that must be met in order for a taxpayer to claim the child as a dependent. The child must be either be 19 years old or younger if they are not a full-time student. If the are a full-time student, the child can be up to 24 years old. There is no age limit if the child is “permanently and totally disabled”.

3) Principal residence test: This requirement basically says that the child must live with the taxpayer for at least 50% of the year. That means that the taxpayer and the child must be roommates for at least 6 months of the year. There is no requirement that the 6 months must be consecutive.

4) Self-supporting test: This is one of the requirements that a child must pass in order to qualify as a dependent for the taxpayer. It basically says that the taxpayer must pay for 50% or more of the child’s living expenses. If the taxpayer does not cover more than 50% of the child’s expenses, then the taxpayer cannot claim the child as a dependent.

Back To All Questions

You might also be interested in...

  • Discontinued Operations on the FAR CPA Exam

    Overview of Discontinued Operations In financial reporting, discontinued operations refer to a component of a company’s core business or product line that have been divested or shut down. Discontinued operations will be reported (net of tax) separately from continuing operations on the income statement. The reason that discontinued operations are reported separately is so that...

  • Equity Method Excel Workbook

    If you would like to use the Excel workbook that was used to create the Universal CPA lecture on the equity method, please click the link below to download the Excel workbook: Equity Method Lecture Example

  • How Hard is the CPA Exam?

    So you’re thinking about taking the CPA exam? Whether you have a dream of becoming a tax advisor, feel as though you need public accounting experience, or just want to solidify your business acumen, the CPA license is one of the most prestigious and well respected licenses in the business world. The exam itself is...