ArkTinkerer
Full time employment: Posting here.
- Joined
- Aug 12, 2014
- Messages
- 584
As title says. Having a hard time getting a handle on all this. Second son is about to attend college on a full ride plus stipend. Older son has been in same position for several years now. With summer work and stipend they will both be making more than required for their health insurance (even though last year we put them both on our policy) and any other expenses. In older son's case, he has always had internships in another state so at best he is here for only a few weeks a year.
At what point does the IRS consider them off our taxes? Any disadvantages for them or us for them being considered independent?
At what point does the IRS consider them off our taxes? Any disadvantages for them or us for them being considered independent?