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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
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- Other Dependent Income Limit 2023
Other Dependent Income Limit 2023
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parvitstax
Level 5
04-15-2024
01:32 AM
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The income limit is $4700
Other dependent (Taxpayer's 95 year old Father) received $4714.53 in Taxable Pension Income.
Is the income limit Gross Income (taxable + untaxable)? In that case, parent's income would be $4760 in gross distribution.
Is there any way to still claim the parent who earned slightly more than the limit?
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Jim-from-Ohio
Level 11
04-15-2024
06:09 AM
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Income test does not include tax-exempt income but even without that $4,714.53 is not less than $4,700.00. I don't see how they would qualfy for 2023 tax year.
