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May 16, 2024
7:10
:40
pm
wisconsincougs
All-American
My son is 18 and will make $13k+ in ‘24. Next year set him free and he can take
the standard deduction?
Would be impactful for him as a 1099 only earner. Door to door sales
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wisconsincougs
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wisconsincougs
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Messages
Author
Time
Tax question for those of you who have kids 18 - 25 yrs old.
hoser
May 16, 7:04pm
They will have to include your income in FAFSA regardless. You should claim
JAGA97
May 16, 7:07pm
My son is 18 and will make $13k+ in ‘24. Next year set him free and he can take
wisconsincougs
May 16, 7:10pm
I will qualify this by saying it depends upon the parents income, AND potential
BYU-Ite
May 16, 7:18pm
Agreed.
JAGA97
May 16, 7:20pm
As in all things, it depends. Do they work? Are they in college? How much do
hitechcpa
May 16, 7:12pm
I don’t qualify for the education credits because our AGI is too high. Which
hoser
May 16, 7:24pm
On a related note, in regards to the electric vehicle credit - my AGI is too
hoser
May 16, 7:41pm
If she doesn't owe any tax it won't help her on her taxes. Will need to have the
JAGA97
May 16, 7:53pm
For FAFSA they'll have to include your income unless married or over age 24
wannnacruise
May 16, 7:42pm
Gotcha. So other than possibly earning residency in Utah or something like that
hoser
May 16, 7:52pm
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